Indorsee – a person to whom a negotiable instrument is transferred by indorsement

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indorsee:
(18c)

1. A person to whom a negotiable instrument is transferred by indorsement. — Also spelled endorsee. [1]

1. The person named in a special indorsement of a bill or note. 

1. The holder of an instrument on which the only or last indorsement is a blank indorsement is a “bearer,” rather than an “indorsee.” 11 Am 12d B & N § 371. [2]

1. The person to whom a negotiable instrument is indorsed by name.
      Compare bearer. [3]

indorsee in due course:
(1880)

1. An indorsee who, in the ordinary course of business, acquires a negotiable instrument in good faith for value, before its maturity, and without knowledge of its dishonor. [1]

1. A person who in good faith, in the ordinary course of business, for value, before its apparent maturity or presumptive dishonor, and without knowledge of its actual dishonor, acquires a negotiable instrument duly indorsed to him, or indorsed generally, or payable to bearer. Reese v Bell (Cal) 71 P 87.
See holder in due course. [2]

1. A person who in good faith, in the ordinary course of business, for value, acquires a negotiable instrument duly indorsed to her, indorsed generally, or payable to bearer.
     See general indorsement. [3]

References:

Disclaimer: All material throughout this website is compiled in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black & Editor in Chief Bryan A. Garner. ISBN: 978-0-314-62130-6

[2]: Ballantine’s Law Dictionary with Pronunciations
Third Edition
 by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

[3]: Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine 
(James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

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