§12A-3-204.

§12A-3-204.
   
                                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 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.