California Commercial Code

§ 3416

COM § 3416 Effective Jan 1, 1997Div. 3 · Ch. 4

Statute text

(a)A person who transfers an instrument for consideration warrants all of the following to the transferee and, if the transfer is by indorsement, to any subsequent transferee:

(1)The warrantor is a person entitled to enforce the instrument.

(2)All signatures on the instrument are authentic and authorized.

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Legislative history

Amended by Stats. 1996, Ch. 316, Sec. 3. Effective January 1, 1997.