Mich. Comp. Laws » Michigan Compiled Laws / Chapter 440 / Act 174 of 1962
Michigan Compiled Laws

Mich. Comp. Laws § 440.3201 (2026)

Negotiation; definition; transfer of possession.

✓ current as of July 2026
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UNIFORM COMMERCIAL CODE


Act 174 of 1962


440.3201 Negotiation; definition; transfer of possession.

Sec. 3201.

    (1)  "Negotiation" means a transfer of possession, whether voluntary or involuntary, of an instrument by a person other than the issuer to a person who thereby becomes its holder.

    (2) Except for negotiation by a remitter, if an instrument is payable to an identified person, negotiation requires transfer of possession of the instrument and its endorsement by the holder. If an instrument is payable to bearer, it may be negotiated by transfer of possession alone.

History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 1993, Act 130, Eff. Sept. 30, 1993

Notes of Decisions
Cited in 2 cases, 1973–2014 · leading case: Com. Sav. Bank v. G & J Wood Prods. Co., Inc., 207 N.W.2d 401 (Mich. Ct. App. 1973).
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Com. Sav. Bank v. G & J Wood Prods. Co., Inc., 207 N.W.2d 401 (Mich. Ct. App. 1973). “Under MCLA 440.3201(1); MSA 19.3201(1), a transferee acquires such rights as the transferor had in the note.”
Manoushag Al-Raeis v. Aurora Bank Fsb (Mich. Ct. App. 2014). “18 MCL 440.3201(2). 19 Mox v Jordan, 186 Mich App 42, 46 ; 463 NW2d 114 (1990) (citing former MCL 440.”
— Mich. Comp. Laws § 440.3201(1) — 1 case
Com. Sav. Bank v. G & J Wood Prods. Co., Inc., 207 N.W.2d 401 (Mich. Ct. App. 1973). “Under MCLA 440.3201(1); MSA 19.3201(1), a transferee acquires such rights as the transferor had in the note.”
— Mich. Comp. Laws § 440.3201(2) — 1 case
Manoushag Al-Raeis v. Aurora Bank Fsb (Mich. Ct. App. 2014). “18 MCL 440.3201(2). 19 Mox v Jordan, 186 Mich App 42, 46 ; 463 NW2d 114 (1990) (citing former MCL 440.”
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