Statute · New York Uniform Commercial Code

N.Y. U.C.C. Law § 3-205 — Restrictive Indorsements

N.Y. U.C.C. Law § 3-205

Type: Statute
Source: New York Uniform Commercial Code
Jurisdiction: New York
Current through: Nov 5, 2026 (NY Senate Open Legislation)

Section 3--205. Restrictive Indorsements.

Citator

N.Y. U.C.C. Law § 3-205 — Restrictive Indorsements is in force in the current edition of the Code, and nothing recorded condemns it.

Section 3--205. Restrictive Indorsements.

An indorsement is restrictive which either

(a) is conditional; or

(b) purports to prohibit further transfer of the instrument; or

(c) includes the words "for collection", "for deposit", "pay any bank", or like terms signifying a purpose of deposit or collection; or

(d) otherwise states that it is for the benefit or use of the indorser or of another person.