{"data":{"id":"us-nd/n.d.-cent.-code-41-08-30","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-08-30","heading":"(8-304) Endorsement","body":"1.An endorsement may be in blank or special. An endorsement in blank includes an endorsement to bearer. A special endorsement specifies to whom a security is to be transferred or who has power to transfer it. A holder may convert a blank endorsement to a special endorsement.\n2.An endorsement purporting to be only of part of a security certificate representing units intended by the issuer to be separately transferable is effective to the extent of the endorsement.\n3.An endorsement, whether special or in blank, does not constitute a transfer until delivery of the certificate on which it appears or, if the endorsement is on a separate document, until delivery of both the document and the certificate.\n4.If a security certificate in registered form has been delivered to a purchaser without a necessary endorsement, the purchaser may become a protected purchaser only when the endorsement is supplied. However, against a transferor, a transfer is complete upon delivery and the purchaser has a specifically enforceable right to have any necessary endorsement supplied.\n5.An endorsement of a security certificate in bearer form may give notice of an adverse claim to the certificate, but it does not otherwise affect a right to registration that the holder possesses.\n6.Unless otherwise agreed, a person making an endorsement assumes only the obligations provided in section 41-08-08 and not an obligation that the security will be honored by the issuer.","path":["Title 41 Uniform Commercial Code","Chapter 41-08 Investment Securities"],"source_url":"https://ndlegis.gov/cencode/t41c08.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"c6c9907c3ff8cc920d8286d72b8392ea29594ac1b717357661a673003ee3284f","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-08-29","next":"us-nd/n.d.-cent.-code-41-08-31"},"notice":"GroundRules: Original legal text. Not legal advice."}