Okla. Stat. tit. 12A, § 12A-3-204
This is the official text of Okla. Stat. tit. 12A, § 12A-3-204, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Indorsement
Official statutory text
INDORSEMENT
(a) "Indorsement" means a signature, other than that of a
signer as maker, drawer, or acceptor, that alone or accompanied by
other words is made on an instrument for the purpose of (i)
negotiating the instrument, (ii) restricting payment of the
instrument, or (iii) incurring indorser's liability on the
instrument, but regardless of the intent of the signer, a signature
and its accompanying words is an indorsement unless the accompanying
words, terms of the instrument, place of the signature, or other
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 293
circumstances unambiguously indicate that the signature was made for
a purpose other than indorsement. For the purpose of determining
whether a signature is made on an instrument, a paper affixed to the
instrument is a part of the instrument.
(b) "Indorser" means a person who makes an indorsement.
(c) For the purpose of determining whether the transferee of an
instrument is a holder, an indorsement that transfers a security
interest in the instrument is effective as an unqualified
indorsement of the instrument.
(d) If an instrument is payable to a holder under a name that
is not the name of the holder, indorsement may be made by the holder
in the name stated in the instrument or in the holder's name or
both, but signature in both names may be required by a person paying
or taking the instrument for value or collection.
(a) "Indorsement" means a signature, other than that of a
signer as maker, drawer, or acceptor, that alone or accompanied by
other words is made on an instrument for the purpose of (i)
negotiating the instrument, (ii) restricting payment of the
instrument, or (iii) incurring indorser's liability on the
instrument, but regardless of the intent of the signer, a signature
and its accompanying words is an indorsement unless the accompanying
words, terms of the instrument, place of the signature, or other
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 293
circumstances unambiguously indicate that the signature was made for
a purpose other than indorsement. For the purpose of determining
whether a signature is made on an instrument, a paper affixed to the
instrument is a part of the instrument.
(b) "Indorser" means a person who makes an indorsement.
(c) For the purpose of determining whether the transferee of an
instrument is a holder, an indorsement that transfers a security
interest in the instrument is effective as an unqualified
indorsement of the instrument.
(d) If an instrument is payable to a holder under a name that
is not the name of the holder, indorsement may be made by the holder
in the name stated in the instrument or in the holder's name or
both, but signature in both names may be required by a person paying
or taking the instrument for value or collection.
Status: in_force · Read it on the official government site
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