7-3-207
Section 7-3-207 Reacquisition. Reacquisition of an instrument occurs if it is transferred to
a former holder, by negotiation or otherwise. A former holder who reacquires the instrument
may cancel indorsements made after the reacquirer first became a holder of the instrument.
If the cancellation causes the instrument to be payable to the reacquirer or to bearer, the
reacquirer may negotiate the instrument. An indorser whose indorsement is canceled is discharged,
and the discharge is effective against any subsequent holder. (Acts 1995, No. 95-668, p. 1381,
§1.)...
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7-3-420
Section 7-3-420 Conversion of instrument. (a) An instrument is converted under circumstances
which would constitute conversion under personal property law. An instrument is also converted
if it is taken by transfer, other than a negotiation, from a person not entitled to enforce
the instrument or a bank makes or obtains payment with respect to the instrument for a person
not entitled to enforce the instrument or receive payment. An action for conversion of an
instrument may not be brought by (i) the issuer or acceptor of the instrument or (ii) a payee
or indorsee who did not receive delivery of the instrument either directly or through delivery
to an agent or a co-payee. (b) In an action under subsection (a), the measure of liability
is presumed to be the amount payable on the instrument, but recovery may not exceed the amount
of the plaintiff's interest in the instrument. (c) A representative, other than a depositary
bank, who has in good faith dealt with an instrument or its proceeds...
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7-3-204
Section 7-3-204 Indorsement. (a) "Indorsement" means a signature, other than that
of a signer as maker, drawer, or acceptor, that alone or accompanied by other words is made
on an instrument for the purpose of (i) negotiating the instrument, (ii) restricting payment
of the instrument, or (iii) incurring indorser's liability on the instrument, but regardless
of the intent of the signer, a signature and its accompanying words is an indorsement unless
the accompanying words, terms of the instrument, place of the signature, or other circumstances
unambiguously indicate that the signature was made for a purpose other than indorsement. For
the purpose of determining whether a signature is made on an instrument, a paper affixed to
the instrument is a part of the instrument. (b) "Indorser" means a person who makes
an indorsement. (c) For the purpose of determining whether the transferee of an instrument
is a holder, an indorsement that transfers a security interest in the instrument is...
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7-3-205
Section 7-3-205 Special indorsement; blank indorsement; anomalous indorsement. (a) If an indorsement
is made by the holder of an instrument, whether payable to an identified person or payable
to bearer, and the indorsement identifies a person to whom it makes the instrument payable,
it is a "special indorsement." When specially indorsed, an instrument becomes payable
to the identified person and may be negotiated only by the indorsement of that person. The
principles stated in Section 7-3-110 apply to special indorsements. (b) If an indorsement
is made by the holder of an instrument and it is not a special indorsement, it is a "blank
indorsement." When indorsed in blank, an instrument becomes payable to bearer and may
be negotiated by transfer of possession alone until specially indorsed. (c) The holder may
convert a blank indorsement that consists only of a signature into a special indorsement by
writing, above the signature of the indorser, words identifying the person to whom the...

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10A-8A-5.02
Section 10A-8A-5.02 Transfer of partner's transferable interest. (a) A transfer, in whole or
in part, of a partner's transferable interest: (1) is permissible; (2) does not by itself
cause the partner's dissociation; (3) does not by itself cause a dissolution and winding up
of the partnership; and (4) subject to Section 10A-8A-5.05, does not entitle the transferee
to: (A) participate in the management or conduct of the partnership's business or not for
profit activity; or (B) except as otherwise provided in subsection (d), have access to required
information, records, or other information concerning the partnership's business or not for
profit activity. (b) A transferee has a right: (1) to receive, in accordance with the transfer,
distributions to which the transferor would otherwise be entitled; (2) to receive upon the
dissolution and winding up of the partnership, in accordance with the transfer, the net amount
otherwise distributable to the transferor; and (3) to seek under Section...
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10A-9A-7.02
Section 10A-9A-7.02 Transfer of partner's transferable interest. (a) A transfer, in whole or
in part, of a partner's transferable interest: (1) is permissible; (2) does not by itself
cause the partner's dissociation; (3) does not by itself cause a dissolution and winding up
of the limited partnership; and (4) subject to Section 10A-9A-7.04, does not entitle the transferee
to: (A) participate in the management or conduct of the limited partnership's activities and
affairs; or (B) except as otherwise provided in subsection (d), have access to required information,
records, or other information concerning the partnership's activities and affairs. (b) A transferee
has the right to receive, in accordance with the transfer, distributions to which the transferor
would otherwise be entitled. (c) A transferable interest may be evidenced by a certificate
of transferable interest issued by the limited partnership. A partnership agreement may provide
for the transfer of the transferable interest...
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10A-5A-5.02
Section 10A-5A-5.02 Transfer of transferable interest. (a) A transfer, in whole or in part,
of a transferable interest: (1) is permissible; (2)(A) does not by itself cause a member to
cease to be a member of the limited liability company; and (B) does not by itself cause a
member to cease to be associated with a series of the limited liability company; (3) does
not by itself cause a dissolution and winding up of the limited liability company, or a series
thereof; and (4) subject to Section 10A-5A-5.04, does not entitle the transferee to: (A) participate
in the direction or oversight of the activities and affairs of the limited liability company,
or a series thereof; or (B) have access to records or other information concerning the activities
and affairs of the limited liability company, or a series thereof. (b) A transferee has the
right to receive, in accordance with the transfer, distributions to which the transferor would
otherwise be entitled. (c) A transferable interest may be...
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5-19-5
Section 5-19-5 Acceptance of negotiable instruments as evidence of consumer debt. In a consumer
credit sale, the seller may not take as evidence of the obligation of the buyer, a negotiable
instrument other than (1) a check; or (2) a promise or order containing a statement, required
by applicable statutory or administrative law, to the effect that the rights of a holder or
transferee are subject to claims or defenses that the issuer could assert against the original
payee. A holder is not a holder in due course if the holder takes a negotiable instrument
with notice that it is issued in violation of this section. A holder in due course is not
subject to the liabilities prescribed in this chapter. (Acts 1971, No. 2052, p. 3290, §4;
Acts 1995, No. 95-668, p. 1381, §4; Acts 1996, No. 96-576, p. 887, §2.)...
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7-3-309
Section 7-3-309 Enforcement of lost, destroyed, or stolen instrument. (a) A person not in possession
of an instrument is entitled to enforce the instrument if: (i) the person seeking to enforce
the instrument: (A) was entitled to enforce it when loss of possession occurred, or (B) has
directly or indirectly acquired ownership of the instrument from a person who was entitled
to enforce the instrument when the loss of possession occurred; and (ii) the loss of possession
was not the result of a transfer by the person or a lawful seizure; and (iii) the person cannot
reasonably obtain possession of the instrument because the instrument was destroyed, its whereabouts
cannot be determined, or it is in the wrongful possession of an unknown person or a person
that cannot be found or is not amenable to service of process. (b) A person seeking enforcement
of an instrument under subsection (a) must prove the terms of the instrument and the person's
right to enforce the instrument. If that proof is...
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32-8-47
Section 32-8-47 Transfer of ownership - When department to issue new certificate. (a) The department,
upon receipt of a properly assigned certificate of title, with an application for a new certificate
of title, the required fee and any other documents required by the department, shall issue
a new certificate of title in the name of the transferee as owner and mail it to the first
lienholder named in it or, if none, to the owner. (b) The department, upon receipt of an application
for a new certificate of title by a transferee other than by voluntary transfer, with proof
of the transfer, the required fee and any other documents required by law, shall issue a new
certificate of title in the name of the transferee as owner. If the outstanding certificate
of title is not delivered to the department, the department shall make demand therefor from
the holder thereof. (c) A transferor of a vehicle other than a dealer transferring a new vehicle
shall deliver to the transferee at the time of...
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