The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
DISCLAIMER
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
1. States that it is payable to bearer or to the order of bearer or otherwise indicates that the person in possession of the promise or order is entitled to payment;
2. Does not state a payee; or
3. States that it is payable to or to the order of cash or otherwise indicates that it is not payable to an identified person.
B. A promise or order that is not payable to bearer is payable to order if it is payable:
1. To the order of an identified person; or
2. To an identified person or order.
A promise or order that is payable to order is payable to the identified person.
C. An instrument payable to bearer may become payable to an identified person if it is specially indorsed pursuant to section 47-3205, subsection A. An instrument payable to an identified person may become payable to bearer if it is indorsed in blank pursuant to section 47-3205, subsection B.