§ 6A-3-201. Negotiation.
(a) “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) 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 of Section.P.L. 2000, ch. 238, § 3; P.L. 2000, ch. 421, § 3.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-3 - Negotiable Instruments
Part 2 - Negotiation, Transfer, and Indorsement
Section 6A-3-201. - Negotiation.
Section 6A-3-202. - Negotiation subject to rescission.
Section 6A-3-203. - Transfer of instrument — Rights acquired by transfer.
Section 6A-3-204. - Indorsement.
Section 6A-3-205. - Special indorsement — Blank indorsement — Anomalous indorsement.