Negotiable Instruments
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44.012 Negotiation; Payable to Bearer
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Description
44.012 Negotiation; Payable to Bearer If it is payable to bearer, it is negotiated by delivery only. An instrument payable to order and indorsed in blank becomes payable to bearer and may be negotiated by delivery alone until it is specially indorsed. An indorsement in blank specifies no particular endorsee and consists of a mere signature. A special indorsement specifies the person to whom it is made payable. O.C.G.A. §§11-3-202, 11-3-204 If an instrument is payable to bearer, it may be negotiated by transfer of possession alone. O.C.G.A. §11-3-201(b)
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