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. § 3-201)
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§ 3—201. Negotiation
(a) “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.
(b) 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. (Added 1993, No. 158 (Adj. Sess.), § 12, eff. Jan. 1, 1995.)