# Ind. Code § 26-1-8.1-304: Endorsement of securities

> Indiana · Statutes · Reserved

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-304

## Section

- **Citation:** Ind. Code § 26-1-8.1-304
- **Heading:** Endorsement of securities
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** Reserved
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 26 / Article 1 / Chapter 8.1 / Section 26-1-8.1-304

## Text

Sec. 304. (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 IC 26-1-8.1-108 and not an obligation that the security will be honored by the issuer.

As added by P.L.247-1995, SEC.10.

## Nearby sections

- [Ind. Code § 26-1-8.1-0.1 Effect of enactment of chapter](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-0.1.md)
- [Ind. Code § 26-1-8.1-0.3 Perfection of certain security interests; continuation of perfection](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-0.3.md)
- [Ind. Code § 26-1-8.1-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-101.md)
- [Ind. Code § 26-1-8.1-102 Definitions and index of definitions; principles of construction and interpretation; characterization of person, business, or transaction](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-102.md)
- [Ind. Code § 26-1-8.1-103 Classification as security or financial asset](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-103.md)
- [Ind. Code § 26-1-8.1-104 Acquisition of a security or financial asset](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-104.md)
- [Ind. Code § 26-1-8.1-105 Notice of adverse claim](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-105.md)
- [Ind. Code § 26-1-8.1-106 Control by purchaser; certificated security, uncertificated security, or security entitlement; agreement by issuer or securities intermediary to comply with purchaser's orders or instructions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-106.md)
- [Ind. Code § 26-1-8.1-107 Effectiveness of endorsement, instruction, or entitlement order](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-107.md)
- [Ind. Code § 26-1-8.1-108 Warranties upon purchase or transfer of security](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-108.md)
- [Ind. Code § 26-1-8.1-109 Warranties made by and to a securities intermediary](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-109.md)
- [Ind. Code § 26-1-8.1-110 Governing local law; determination of jurisdiction of issuer or securities intermediary](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-110.md)
- [Ind. Code § 26-1-8.1-111 Applicability of rules adopted by clearing corporations](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-111.md)
- [Ind. Code § 26-1-8.1-112 Creditor access to debtor's interest in a security](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-112.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-304. Check the current official text before relying on it. Not legal advice.