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§12A-3-205.
§12A-3-205.
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.
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