(1) An instrument is transferred when it is delivered by a person other than its issuer for the purpose of giving to the person receiving delivery the right to enforce the instrument.
(2) Transfer of an instrument, whether or not the transfer is a negotiation, vests in the transferee any right of the transferor to enforce the instrument, including any right as a holder in due course, but the transferee cannot acquire rights of a holder in due course by a transfer, directly or indirectly, from a holder in due course if the transferee engaged in fraud or illegality affecting the instrument.
(3) Unless otherwise agreed, if an instrument is transferred for value and the transferee does not become a holder because of lack of indorsement by the transferor, the transferee has a specifically enforceable right to the unqualified indorsement of the transferor, but negotiation of the instrument does not occur until the indorsement is made.
(4) If a transferor purports to transfer less than the entire instrument, negotiation of the instrument does not occur. The transferee obtains no rights under this article and has only the rights of a partial assignee. Effective: January 1, 1997 History: Repealed and reenacted 1996 Ky. Acts ch. 130, sec. 22, effective January 1, 1997. -- Created 1958 Ky. Acts ch. 77, sec. 3-203, effective July 1, 1960.
Notes of Decisions
Rogan v. Vanderbilt Mortg. & Fin., Inc. (In re Dorsey), 491 B.R. 464 (Bankr. E.D. Ky. 2013).
· cites it 15× “Ky. Rev. Stat. Ann. § 355.3-203 (1). First, “[a]n instrument is transferred when it is delivered by a person other than its issuer for the purpose of giving to the person receiving delivery the right to enforce the instrument.”
Angela Ford v. Faisal Shah, 532 S.W.3d 638 (Ky. 2017).
“” KRS 355.3-203(2). 14 . When a general deposit is made by a bank’s customer (account holder) at the bank, title to the general deposit passes from the depositor to the bank, with the bank undertaking a duty to repay.”
In re: Ricky J. Dorsey, Sr. v. (6th Cir. BAP 2014).
· cites it 4× “Ky. Rev. Stat. Ann. § 355.3-203 provides in pertinent part: (1) An instrument is transferred when it is delivered by a person other than its issuer for the purpose of giving to the person receiving delivery the right to enforce the instrument.”
Angela Ford v. Faisal Shah (Ky. 2017).
“" KRS 355.3-203(2). 14 When a general deposit is made by a bank's customer (account holder) at the bank, title to the generat deposit passes from the depositor to the bank, with the bank undertaking a duty to repay.”
— Ky. Rev. Stat. § 355.3-203(1) — 1 case
Rogan v. Vanderbilt Mortg. & Fin., Inc. (In re Dorsey), 491 B.R. 464 (Bankr. E.D. Ky. 2013).
“Ky. Rev. Stat. Ann. § 355.3-203 (1). First, “[a]n instrument is transferred when it is delivered by a person other than its issuer for the purpose of giving to the person receiving delivery the right to enforce the instrument.”
— Ky. Rev. Stat. § 355.3-203(2) — 3 cases
Angela Ford v. Faisal Shah, 532 S.W.3d 638 (Ky. 2017).
“” KRS 355.3-203(2). 14 . When a general deposit is made by a bank’s customer (account holder) at the bank, title to the general deposit passes from the depositor to the bank, with the bank undertaking a duty to repay.”
Rogan v. Vanderbilt Mortg. & Fin., Inc. (In re Dorsey), 491 B.R. 464 (Bankr. E.D. Ky. 2013).
“Ky. Rev. Stat. Ann. § 355.3-203 (1). First, “[a]n instrument is transferred when it is delivered by a person other than its issuer for the purpose of giving to the person receiving delivery the right to enforce the instrument.”
Angela Ford v. Faisal Shah (Ky. 2017).
“" KRS 355.3-203(2). 14 When a general deposit is made by a bank's customer (account holder) at the bank, title to the generat deposit passes from the depositor to the bank, with the bank undertaking a duty to repay.”
— Ky. Rev. Stat. § 355.3-203(3) — 1 case
Rogan v. Vanderbilt Mortg. & Fin., Inc. (In re Dorsey), 491 B.R. 464 (Bankr. E.D. Ky. 2013).
“Ky. Rev. Stat. Ann. § 355.3-203 (1). First, “[a]n instrument is transferred when it is delivered by a person other than its issuer for the purpose of giving to the person receiving delivery the right to enforce the instrument.”
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