# Iowa Code § 554.8304: Indorsement

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.8304

## Section

- **Citation:** Iowa Code § 554.8304
- **Heading:** Indorsement
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title XIII / Chapter 554 / Section 554.8304

## Text

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

(2) An indorsement 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 indorsement.

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

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

(5) An indorsement 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.

(6) Unless otherwise agreed, a person making an indorsement assumes only the obligations provided in section 554.8108 and not an obligation that the security will be honored by the issuer.

[S13, §3060-a37, -a56; C24, 27, 31, 35, 39, §9497, 9516; C46, §541.37, 541.56; C50, 54, 58, 62, §493A.8, 541.37, 541.56; C66, 71, 73, 75, 77, 79, 81, §554.8304]89 Acts, ch 113, §19; 96 Acts, ch 1138, §37, 84

## Nearby sections

- [Iowa Code § 554.1101 Short titles.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1101.md)
- [Iowa Code § 554.1102 Scope of Article.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1102.md)
- [Iowa Code § 554.1107 Section captions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1107.md)
- [Iowa Code § 554.1108 Relation to Electronic Signatures in Global and National Commerce Act.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1108.md)
- [Iowa Code § 554.1110 Rules for filing and indexing.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1110.md)
- [Iowa Code § 554.1201 General definitions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1201.md)
- [Iowa Code § 554.1204 Value.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1204.md)
- [Iowa Code § 554.1205 Reasonable time — seasonableness.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1205.md)
- [Iowa Code § 554.1206 Presumptions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1206.md)
- [Iowa Code § 554.1301 Territorial applicability — parties’ power to choose applicable law.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1301.md)
- [Iowa Code § 554.1302 Variation by agreement.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1302.md)
- [Iowa Code § 554.1303 Course of performance, course of dealing, and usage of trade.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1303.md)
- [Iowa Code § 554.1304 Obligation of good faith.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1304.md)
- [Iowa Code § 554.1305 Remedies to be liberally administered.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.1305.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IA_TXIII_C554_S554.8304. Check the current official text before relying on it. Not legal advice.