2010 New Hampshire Statutes
TITLE XXXIV-A UNIFORM COMMERCIAL CODE
CHAPTER 382-A UNIFORM COMMERCIAL CODE
Section 382-A:3-201 Negotiation.


NH Rev Stat § 382-A:3-201 (1996 through Reg Sess) What's This?

382-A: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 indorsement by the holder. If an instrument is payable to bearer, it may be negotiated by transfer of possession alone.

Source. 1993, 346:1, eff. Jan. 1, 1994.

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