407.501 Form of negotiation and requirements of due negotiation.
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/wi/chapter-407/407-501A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
407.501 Form of negotiation and requirements of due negotiation.
(1)The following rules apply to a negotiable tangible document of title:
(a)If the document’s original terms run to the order of a named person, the document is negotiated by the named person’s endorsement and delivery. After the named person’s endorsement in blank or to bearer, any person may negotiate the document by delivery alone.
(b)If the document’s original terms run to bearer, it is negotiated by delivery alone.