Skip to content
BOL Conferences
Learn More - Click Here!

Thread Options
#2175684 - 04/27/18 08:00 PM Check Endorsement - No And- No Or
moola741 Offline
Member
Joined: Dec 2003
Posts: 86
When a check is made out to two individuals and there is no and, and there is no or behind any of the names, can the check be endorsed by just one of the names on the check?

Return to Top
Operations Compliance
#2175703 - 04/27/18 08:48 PM Re: Check Endorsement - No And- No Or moola741
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
If an instrument is payable to two or more persons alternatively, it is payable to any of them and may be negotiated, discharged, or enforced by any or all of them in possession of the instrument. If an instrument is payable to two or more persons not alternatively, it is payable to all of them and may be negotiated, discharged, or enforced only by all of them. If an instrument payable to two or more persons is ambiguous as to whether it is payable to the persons alternatively, the instrument is payable to the persons alternatively.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2176594 - 05/03/18 07:43 PM Re: Check Endorsement - No And- No Or moola741
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
OR - Either payee can indorse to negotiate
AND or & - All payees must indorse to negotiate
AND/OR, /, OR NOTHING AT ALL - See OR
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top

Moderator:  Andy_Z, John Burnett