# S.C. Code Ann. § 36-8-304: SECTION 36-8-304. Indorsement

> South Carolina · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-304

## Section

- **Citation:** S.C. Code Ann. § 36-8-304
- **Heading:** SECTION 36-8-304. Indorsement
- **Jurisdiction:** South Carolina
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SC Code / Title 36 / Chapter 8 / Section 36-8-304

## Text

(a) 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. (b) 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. (c) 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. (d) 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. (e) 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. (f) Unless otherwise agreed, a person making an indorsement assumes only the obligations provided in Section 36-8-108 and not an obligation that the security will be honored by the issuer.

## Nearby sections

- [S.C. Code Ann. § 36-8-101 SECTION 36-8-101. Short title.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-101.md)
- [S.C. Code Ann. § 36-8-102 SECTION 36-8-102. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-102.md)
- [S.C. Code Ann. § 36-8-103 SECTION 36-8-103. Rules for determining whether certain obligations and interests are securities or financial assets.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-103.md)
- [S.C. Code Ann. § 36-8-104 SECTION 36-8-104. Acquisition of security or financial asset or interest therein.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-104.md)
- [S.C. Code Ann. § 36-8-105 SECTION 36-8-105. Notice of adverse claim.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-105.md)
- [S.C. Code Ann. § 36-8-106 SECTION 36-8-106. Control.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-106.md)
- [S.C. Code Ann. § 36-8-107 SECTION 36-8-107. Whether indorsement, instruction, or entitlement order is effective.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-107.md)
- [S.C. Code Ann. § 36-8-108 SECTION 36-8-108. Warranties in direct holding.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-108.md)
- [S.C. Code Ann. § 36-8-109 SECTION 36-8-109. Warranties in indirect holding.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-109.md)
- [S.C. Code Ann. § 36-8-110 SECTION 36-8-110. Applicability; choice of law.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-110.md)
- [S.C. Code Ann. § 36-8-111 SECTION 36-8-111. Clearing corporation rules.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-111.md)
- [S.C. Code Ann. § 36-8-112 SECTION 36-8-112. Creditor's legal process.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-112.md)
- [S.C. Code Ann. § 36-8-113 SECTION 36-8-113. Statute of frauds inapplicable.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-113.md)
- [S.C. Code Ann. § 36-8-114 SECTION 36-8-114. Evidentiary rules concerning certificated securities.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-304. Check the current official text before relying on it. Not legal advice.