Arkansas Code of 1987 (2023)
Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105)
Subtitle 1 - UNIFORM COMMERCIAL CODE (§§ 4-1-101 — 4-11-106)
Chapter 3 - NEGOTIABLE INSTRUMENTS (§§ 4-3-101 — 4-3-605)
Part 2 - NEGOTIATION, TRANSFER, AND INDORSEMENT (§§ 4-3-201 — 4-3-207)
Section 4-3-205 - Special indorsement - Blank indorsement - Anomalous indorsement

Universal Citation:
AR Code § 4-3-205 (2023)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

  • (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 § 4-3-110 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.

Acts 1991, No. 572, § 5.


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