Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 106:3-201 - 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.Mass. Gen. Laws ch. 106, § 3-201