Negotiation
Known as the Uniform Commercial Code
The act spans §§ 75–75 (480 sections).
Applied in 7 court decisions — leading case Foster v. Williams (2009)
Most recently applied in 23 So. 3d 1055 - In Re Estate of Laughter (October 2009)
Former § 75-3-201: Codes, 1942, § 41A:3-201; Laws, 1966, ch. 316, § 3-201; Laws, 1992, ch. 420, § 20, eff from and after January 1, 1993.
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
“Negotiation” means a transfer of possession, whether voluntary or involuntary, of an instrument by a person other than the issuer to a person who thereby becomes its holder.
Except for negotiation by a remitter, if an instrument is payable to an identified person, negotiation requires transfer of possession of the instrument and its indorsement by the holder. If an instrument is payable to bearer, it may be negotiated by transfer of possession alone.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.