The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 3-109)
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§ 3—109. Payable to bearer or to order
(a) A promise or order is payable to bearer if it:
(1) states that it is payable to bearer or to the order of bearer or otherwise indicates
that the person in possession of the promise or order is entitled to payment;
(2) does not state a payee; or
(3) states that it is payable to or to the order of cash or otherwise indicates that it
is not payable to an identified person.
(b) A promise or order that is not payable to bearer is payable to order if it is payable
(i) to the order of an identified person or (ii) to an identified person or order.
A promise or order that is payable to order is payable to the identified person.
(c) An instrument payable to bearer may become payable to an identified person if it is
specially indorsed pursuant to section 3—205(a) of this title. An instrument payable to an identified person may become payable to bearer if it
is indorsed in blank pursuant to section 3—205(b) of this title. (Added 1993, No. 158 (Adj. Sess.), § 12, eff. Jan. 1, 1995.)