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 75-3-110 apply to special indorsements.
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.
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.
"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.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 3 - Uniform Commercial Code - Negotiable Instruments
Part 2 - . Negotiation, Transfer, and Indorsement
§ 75-3-202. Negotiation subject to rescission
§ 75-3-203. Transfer of instrument; rights acquired by transfer
§ 75-3-205. Special indorsement; blank indorsement; anomalous indorsement