trust indorsement
An indorsement stating that the payee becomes a trustee for a third person (e.g., “pay Erin Ray in trust for Kaitlin Ray”); a restrictive indorsement that limits the instrument to the use of the indorser or another person.
An indorsement stating that the payee becomes a trustee for a third person (e.g., “pay Erin Ray in trust for Kaitlin Ray”); a restrictive indorsement that limits the instrument to the use of the indorser or another person.