# Cal. COM § 8304: Section 8304

> California · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8304

## Section

- **Citation:** Cal. COM § 8304
- **Heading:** Section 8304
- **Jurisdiction:** California
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** California Code / Code com / Division 8 / Chapter 3 / Section 8304

## Text

(a) An endorsement may be in blank or special. An endorsement in blank includes an endorsement to bearer. A special endorsement specifies to whom a security is to be transferred or who has power to transfer it. A holder may convert a blank endorsement to a special endorsement.

(b) An endorsement purporting to be only of part of a security certificate representing units intended by the issuer to be separately transferable is effective to the extent of the endorsement.

(c) An endorsement, whether special or in blank, does not constitute a transfer until delivery of the certificate on which it appears or, if the endorsement is on a separate document, until delivery of both the document and the certificate.

(d) If a security certificate in registered form has been delivered to a purchaser without a necessary endorsement, the purchaser may become a protected purchaser only when the endorsement is supplied. However, against a transferor, a transfer is complete upon delivery and the purchaser has a specifically enforceable right to have any necessary endorsement supplied.

(e) An endorsement of a security certificate in bearer form may give notice of an adverse claim to the certificate, but it does not otherwise affect a right to registration that the holder possesses.

(f) Unless otherwise agreed, a person making an endorsement assumes only the obligations provided in Section 8108 and not an obligation that the security will be honored by the issuer.

## Nearby sections

- [Cal. COM § 8301 Section 8301](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8301.md)
- [Cal. COM § 8302 Section 8302](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8302.md)
- [Cal. COM § 8303 Section 8303](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8303.md)
- [Cal. COM § 8304 Section 8304](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8304.md)
- [Cal. COM § 8305 Section 8305](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8305.md)
- [Cal. COM § 8306 Section 8306](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8306.md)
- [Cal. COM § 8307 Section 8307](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8307.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8304. Check the current official text before relying on it. Not legal advice.