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California Commercial Code

§ 3109

COM § 3109 Effective Jan 1, 1993Div. 3 · Ch. 1
(a)A promise or order is payable to bearer if it is any of the following:
(1)States that it is payable to bearer or to the order of bearer or otherwise indicates that the person in possession of the promise or order is entitled to payment.
(2)Does not state a payee.

Legislative history

Repealed and added by Stats. 1992, Ch. 914, Sec. 6. Effective January 1, 1993.

Source: California Commercial Code § 3109 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.