California Commercial Code

§ 7501

COM § 7501 Effective Jan 1, 2007Div. 7 · Ch. 5

Statute text

(a)The following rules apply to a negotiable tangible document of title:

(1)If the document’s original terms run to the order of a named person, the document is negotiated by the named person’s indorsement and delivery. After the named person’s indorsement in blank or to bearer, any person may negotiate the document by delivery alone.

(2)If the document’s original terms run to bearer, it is negotiated by delivery alone.

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Legislative history

Repealed and added by Stats. 2006, Ch. 254, Sec. 49. Effective January 1, 2007.