SECTION 673.1091. Payable to bearer or to order.

Latest version.

1(1) 2A promise or order is “payable to bearer” if it:
12(a) 13States that it is payable to bearer or to the order of bearer or otherwise indicates that the person in possession of the promise or order is entitled to payment;
43(b) 44Does not state a payee; or
50(c) 51States that it is payable to or to the order of cash or otherwise indicates that it is not payable to an identified person.
75(2) 76A promise or order that is not payable to bearer is “payable to order” if it is payable to the order of an identified person or to an identified person or order. A promise or order that is payable to order is payable to the identified person.
123(3) 124An instrument payable to bearer may become payable to an identified person if it is specially indorsed pursuant to s. 144673.2051(1)145. An instrument payable to an identified person may become payable to bearer if it is indorsed in blank pursuant to s. 167673.2051(2)168.

History.-s. 2, ch. 92-82.

Bills Cite this Section:

None

Cited by Court Cases:

None

                    
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