irregular indorsement

An indorsement by a person who signs outside the chain of title and who therefore is neither a holder nor a transferor of the instrument.

• An irregular indorser is generally treated as an accommodation party. UCC § 3-205(c).

— Also termed anomalous indorsement; full indorsement. See ACCOMMODATION PARTY. [Cases: Bills and Notes 191, 294. C.J.S. Bills and Notes; Letters of Credit §§ 24, 156.]


专业法律词汇 词条贡献者
译者Peter,毕业于亚洲顶尖的高级翻译学院,擅长翻译各种与复杂金融产品相关的法律文件。
Scroll to Top