☰ Revisor of Missouri

Title XXVI TRADE AND COMMERCE

Chapter 400

Effective - 28 Aug 1992, 2 histories bottom

  400.3-201.  Negotiation. — (a)  "Negotiation" means a transfer of possession, whether voluntary or involuntary, of an instrument by a person other than the issuer to a person who thereby becomes its holder.

  (b)  Except for negotiation by a remitter, if an instrument is payable to an identified person, negotiation requires transfer of possession of the instrument and its endorsement by the holder.  If an instrument is payable to bearer, it may be negotiated by transfer of possession alone.

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(L. 1992 S.B. 448)


---- end of effective   28 Aug 1992 ----

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