N.Y. UCC Law § 3-205
This is the official text of N.Y. UCC Law § 3-205, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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Restrictive Indorsements
Official statutory text
Section 3--205. Restrictive Indorsements.\n An indorsement is restrictive which either\n (a) is conditional; or\n (b) purports to prohibit further transfer of the instrument; or\n (c) includes the words "for collection", "for deposit", "pay any\nbank", or like terms signifying a purpose of deposit or collection; or\n (d) otherwise states that it is for the benefit or use of the indorser\nor of another person.\n
Status: in_force · Read it on the official government site
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