§ 3201. Negotiation.
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/pa/title-13/chapter-32/3201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 3201. Negotiation.
(a)Definition of "negotiation".-- "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)Manner of negotiation.-- 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.
13c3201v
Cross References. Section 3201 is referred to in section 3103 of this title.
13c3202s