Negotiation
Known as the Uniform Commercial Code
The act spans §§ 47-1-101–47-9-809 (578 sections).
Applied in 4 court decisions — leading case Mostoller v. Saxon Mortgage Services, Inc. (In re Hunter) (2012)
Most recently applied in Federal Deposit Insurance Corp. v. Ashmore (July 2017)
Acts 1995, ch. 397, § 2.
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.
(1) “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.
(2) 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 endorsement by the holder. If an instrument is payable to bearer, it may be negotiated by transfer of possession alone.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.