Legislation
SECTION 3-805
Instruments Not Payable to Order or to Bearer
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 3, PART 8
Section 3--805. Instruments Not Payable to Order or to Bearer.
This Article applies to any instrument whose terms do not preclude
transfer and which is otherwise negotiable within this Article but which
is not payable to order or to bearer, except that there can be no holder
in due course of such an instrument.
This Article applies to any instrument whose terms do not preclude
transfer and which is otherwise negotiable within this Article but which
is not payable to order or to bearer, except that there can be no holder
in due course of such an instrument.