Mont. Code Ann. » TITLE 30. TRADE AND COMMERCE · CHAPTER 3. UNIFORM COMMERCIAL CODE NEGOTIABLE INSTRUMENTS · Part 2. Transfer and Negotiation
Montana Code Annotated

Mont. Code Ann. § 30-3-202 (2026)

Negotiation

✓ current as of May 2026
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  1. MCA Contents
  2. TITLE 30
  3. CHAPTER 3
  4. Part 2
  5. 30-3-202 Negotiation

TITLE 30. TRADE AND COMMERCE

CHAPTER 3. UNIFORM COMMERCIAL CODE NEGOTIABLE INSTRUMENTS

Part 2. Transfer and Negotiation

Negotiation

30-3-202. Negotiation. (1) "Negotiation" means a transfer of possession, whether voluntary or involuntary, of an instrument to a person who thereby becomes its holder if possession is obtained from a person other than the issuer of the instrument.

(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 indorsement by the holder. If an instrument is payable to bearer, it may be negotiated by transfer of possession alone.

History: En. Sec. 3-202, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-202; amd. Sec. 107, Ch. 410, L. 1991.

Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2026–2026 · leading case: Est. of B. Haler, 2026 MT 111 (Mont. 2026).
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Est. of B. Haler, 2026 MT 111 (Mont. 2026). · cites it 8× “Section 30-3-202(2), MCA. The cashier’s check was payable to Bradley.”
— Mont. Code Ann. § 30-3-202(2) — 1 case
Est. of B. Haler, 2026 MT 111 (Mont. 2026). “Section 30-3-202(2), MCA. The cashier’s check was payable to Bradley.”
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