There Is a Newer Version of the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 32 - Negotiation, Transfer and Indorsement
Section 3205 - Special indorsement; blank endorsement; anomalous endorsement
§ 3205. Special indorsement; blank indorsement; anomalous
indorsement.
(a) Special indorsement.--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
3110 (relating to identification of person to whom instrument is
payable) apply to special indorsements.
(b) Blank indorsement.--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) Conversion of blank indorsement into special
indorsement.--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) Definition of "anomalous indorsement".--"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.
Cross References. Section 3205 is referred to in sections
3103, 3109 of this title.
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