RI

GHTSOFAHOLDERI
NGENERAL

1.Hemaysueont
hei
nst
rumenti
nhi
sownname

2.Hemayr
ecei
vepay
mentandi
fthepay
menti
sinduecour
se,
thei
nst
rumenti
sdi
schar
ged

RI
GHTTOSUE

•Hol
derofanegot
iabl
einst
rumentmaysueonhi
sownname,
eveni
f

hebeahol
deronl
yforcol
l
ect
ionorasapl
edgeoft
hei
nst
rument

RI
GHTOFTRANSFEREEOFUNI
NDORSEDI
NSTRUMENT

•Suchpossessormaysuei
nhi
sownnamei
fhi
str
ansf
erorcoul
dhav
edoneso

•UnderSect
ion49,
atransf
erf
orval
ue,butwi
thoutindorsement
,ofani
nst
rumenti
spay
abl
eto
or
dervestsi
nthetr
ansfer
eesuchti
tl
easthet
ransferorhadther
ein.

EFFECTOFPAYMENTTOTHEHOLDER

•Thepay
menti
nduecour
set
othehol
deroft
hei
nst
rumentdi
schar
gest
hei
nst
rument

•I
tisi
nduecour
sei
fiti
smadeatoraf
tert
hemat
uri
tyoft
he

i
nst
rument
;ort
othehol
dert
her
eof
;ingoodf
ait
handwi
thoutnot
ice

t
hathi
sti
tl
eisdef
ect
ive