# Mont. Code Ann. § 30-8-334: 30-8-334 Indorsement

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-334

## Section

- **Citation:** Mont. Code Ann. § 30-8-334
- **Heading:** 30-8-334 Indorsement
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 30 / Chapter 8 / Part 3 / Section 30-8-334

## Text

30-8-334 . Indorsement. (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 30-8-118 and not an obligation that the security will be honored by the issuer.

## Nearby sections

- [Mont. Code Ann. § 30-8-331 30-8-331 Delivery](https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-331.md)
- [Mont. Code Ann. § 30-8-332 30-8-332 Rights of purchaser](https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-332.md)
- [Mont. Code Ann. § 30-8-333 30-8-333 Protected purchaser](https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-333.md)
- [Mont. Code Ann. § 30-8-334 30-8-334 Indorsement](https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-334.md)
- [Mont. Code Ann. § 30-8-335 30-8-335 Instruction](https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-335.md)
- [Mont. Code Ann. § 30-8-336 30-8-336 Effect of guaranteeing signature, indorsement, or instruction](https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-336.md)
- [Mont. Code Ann. § 30-8-337 30-8-337 Purchaser's right to requisites for registration of transfer](https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-337.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T30_C8_P3_S30-8-334. Check the current official text before relying on it. Not legal advice.