28-3-201. NEGOTIATION. (1) "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.
(2) 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.
History:
[28-3-201, added 1993, ch. 288, sec. 2, p. 1029.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 3 - UNIFORM COMMERCIAL CODE — NEGOTIABLE INSTRUMENTS
Part 2 - NEGOTIATION, TRANSFER, AND INDORSEMENT
Section 28-3-201 - NEGOTIATION.
Section 28-3-202 - NEGOTIATION SUBJECT TO RESCISSION.
Section 28-3-203 - TRANSFER OF INSTRUMENT — RIGHTS ACQUIRED BY TRANSFER.
Section 28-3-204 - INDORSEMENT.
Section 28-3-205 - SPECIAL INDORSEMENT — BLANK INDORSEMENT — ANOMALOUS INDORSEMENT.