Ohio § 1303.24
Full text of Ohio Ohio Revised Code § 1303.24, with citation guidance and answers to common questions.
§ 1303.24.
(A)(1) “ Indorsement ” means a signature, other than that of a signer as maker, drawer, or acceptor, that
alone or accompanied by other words is made on an instrument for any of the following
purposes: (a) To negotiate the instrument; (b) To restrict payment of the instrument; (c) To incur the indorser's liability on the instrument. (2) Regardless of the intent of the signer, a signature and its accompanying words is
an “indorsement” unless the accompanying words, terms of the instrument, place of
the signature, or other circumstances unambiguously indicate that the signature was
made for a purpose other than indorsement. For the purpose of determining whether a signature is made on an instrument, a paper
affixed to the instrument is a part of the instrument. (B) “ Indorser ” means a person who makes an indorsement. (C) For the purpose of determining whether the transferee of an instrument is a holder,
an indorsement that transfers a security interest in the instrument is effective as
an unqualified indorsement of the instrument. (D) If an instrument is payable to a holder under a name that is not the name of the
holder, indorsement may be made by the holder in the name stated in the instrument
or in the holder's name or both, but signatures in both names may be required by a
person paying or taking the instrument for value or collection.
Frequently Asked Questions About Ohio § 1303.24
What does Ohio Revised Code § 1303.24 cover?
Section 1303.24 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1303.24?
A common citation format is "Ohio Revised Code § 1303.24" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1303.24 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.