PDFRCW 62A.3-205

Special indorsement; blank indorsement; anomalous indorsement.

(a) 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 RCW 62A.3-110 apply to special indorsements.
(b) 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.
(c) 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.
(d) "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.
[ 1993 c 229 s 26; 1965 ex.s. c 157 s 3-205. Cf. former RCW sections: (i) RCW 62.01.036; 1955 c 35 s 62.01.036; prior: 1899 c 149 s 36; RRS s 3427. (ii) RCW 62.01.039; 1955 c 35 s 62.01.039; prior: 1899 c 149 s 39; RRS s 3430.]

NOTES:

Recovery of attorneys' feesEffective date1993 c 229: See RCW 62A.11-111 and 62A.11-112.