554.3204 Endorsement. 1. 'Endorsement' 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 thepurpose of negotiating the instrument, restricting payment of the instrument, or incurringendorser’s liability on the instrument, but regardless of the intent of the signer, a signatureand its accompanying words is an endorsement unless the accompanying words, termsof the instrument, place of the signature, or other circumstances unambiguously indicatethat the signature was made for a purpose other than endorsement. For the purpose ofdetermining whether a signature is made on an instrument, a paper affixed to the instrumentis a part of the instrument. 2. 'Endorser' means a person who makes an endorsement.3. For the purpose of determining whether the transferee of an instrument is a holder, an endorsement that transfers a security interest in the instrument is effective as an unqualifiedendorsement of the instrument. 4. If an instrument is payable to a holder under a name that is not the name of the holder, endorsement may be made by the holder in the name stated in the instrument or in rsement of the instrument. 4. If an instrument is payable to a holder under a name that is not the name of the holder, endorsement may be made by the holder in the name stated in the instrument or in theholder’s name or both, but signature in both names may be required by a person payingor taking the instrument for value or collection. 94 Acts, ch 1167, §32, 121, 122; 2013 Acts, ch 30, §261Referred to in §554.3103 Sat Dec 23 01:56:00 2023 Iowa Code 2024, Section 554.3204 (25, 0)
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