Nev. Rev. Stat. » NRS: CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES

Nev. Rev. Stat. § 104.8304

Endorsement

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NRS 104.8304  Endorsement.

      1.  An endorsement may be in blank or special. An endorsement in blank includes an endorsement to bearer. A special endorsement specifies to whom a security is to be transferred or who has power to transfer it. A holder may convert a blank endorsement to a special endorsement.

      2.  An endorsement purporting to be only of part of a security certificate representing units intended by the issuer to be separately transferable is effective to the extent of the endorsement.

      3.  An endorsement, whether special or in blank, does not constitute a transfer until delivery of the certificate on which it appears or, if the endorsement is on a separate document, until delivery of both the document and the certificate.

      4.  If a security certificate in registered form has been delivered to a purchaser without a necessary endorsement, the purchaser may become a protected purchaser only when the endorsement is supplied. However, against a transferor, a transfer is complete upon delivery and the purchaser has a specifically enforceable right to have any necessary endorsement supplied.

      5.  An endorsement of a security certificate in bearer form may give notice of an adverse claim to the certificate, but it does not otherwise affect a right to registration that the holder possesses.

      6.  Unless otherwise agreed, a person making an endorsement assumes only the obligations provided in NRS 104.8108 and not an obligation that the security will be honored by the issuer.

      (Added to NRS by 1997, 365)

     

Notes of Decisions
Cited in 2 cases (2 in the last 5 years), 2022–2022 · leading case: Skarpelos v. Weiser Asset Mgmt., Ltd. C/W 79526
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Skarpelos v. Weiser Asset Mgmt., Ltd. C/W 79526 (2022) nev “8102(1)(g) (defining “[e]Jndorsement” as “a signature that alone or accompanied by other words is made on a security certificate in registered form or on a separate document for the purpose of assigning, transferring or redeeming the security or granting a power to assign,…”
Skarpelos v. Weiser Asset Mgmt., Ltd. C/W 79526 (2022) nev “240 (providing that shares of stock are "personal property and may be transferred "as provided in chapter 104 of NRS"); NRS 104.8304(3) (providing that a valid transfer requires delivery of both the stock certificate and the endorsement "if the endorsement is on a separate…”
— Nev. Rev. Stat. § 104.8304(3) — 2 cases
Skarpelos v. Weiser Asset Mgmt., Ltd. C/W 79526 (2022) nev “8102(1)(g) (defining “[e]Jndorsement” as “a signature that alone or accompanied by other words is made on a security certificate in registered form or on a separate document for the purpose of assigning, transferring or redeeming the security or granting a power to assign,…”
Skarpelos v. Weiser Asset Mgmt., Ltd. C/W 79526 (2022) nev “240 (providing that shares of stock are "personal property and may be transferred "as provided in chapter 104 of NRS"); NRS 104.8304(3) (providing that a valid transfer requires delivery of both the stock certificate and the endorsement "if the endorsement is on a separate…”
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