Okla. Stat. tit. 12A, § 12A-3-205
This is the official text of Okla. Stat. tit. 12A, § 12A-3-205, 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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Special Indorsement; Blank Indorsement; Anomalous
Official statutory text
Indorsement.
SPECIAL INDORSEMENT; BLANK INDORSEMENT; ANOMALOUS INDORSEMENT
(a) If an indorsement is made by the holder of an instrument,
whether payable to an identified person or payable to bearer, and
the indorsement identifies a person to whom it makes the instrument
payable, it is a "special indorsement". When specially indorsed, an
instrument becomes payable to the identified person and may be
negotiated only by the indorsement of that person. The principles
stated in Section 3-110 of this title apply to special indorsements.
(b) If an indorsement is made by the holder of an instrument
and it is not a special indorsement, it is a "blank indorsement".
When indorsed in blank, an instrument becomes payable to bearer and
may be negotiated by transfer of possession alone until specially
indorsed.
(c) The holder may convert a blank indorsement that consists
only of a signature into a special indorsement by writing, above the
signature of the indorser, words identifying the person to whom the
instrument is made payable.
(d) "Anomalous indorsement" means an indorsement made by a
person who is not the holder of the instrument. An anomalous
indorsement does not affect the manner in which the instrument may
be negotiated.
SPECIAL INDORSEMENT; BLANK INDORSEMENT; ANOMALOUS INDORSEMENT
(a) If an indorsement is made by the holder of an instrument,
whether payable to an identified person or payable to bearer, and
the indorsement identifies a person to whom it makes the instrument
payable, it is a "special indorsement". When specially indorsed, an
instrument becomes payable to the identified person and may be
negotiated only by the indorsement of that person. The principles
stated in Section 3-110 of this title apply to special indorsements.
(b) If an indorsement is made by the holder of an instrument
and it is not a special indorsement, it is a "blank indorsement".
When indorsed in blank, an instrument becomes payable to bearer and
may be negotiated by transfer of possession alone until specially
indorsed.
(c) The holder may convert a blank indorsement that consists
only of a signature into a special indorsement by writing, above the
signature of the indorser, words identifying the person to whom the
instrument is made payable.
(d) "Anomalous indorsement" means an indorsement made by a
person who is not the holder of the instrument. An anomalous
indorsement does not affect the manner in which the instrument may
be negotiated.
Status: in_force · Read it on the official government site
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