§ 6A-3-110 - Identification of person to whom instrument is payable.
SECTION 6A-3-110
§ 6A-3-110 Identification of person towhom instrument is payable. – (a) The person to whom an instrument is initially payable is determined by theintent of the person, whether or not authorized, signing as, or in the name orbehalf of, the issuer of the instrument. The instrument is payable to theperson intended by the signer even if that person is identified in theinstrument by a name or other identification that is not that of the intendedperson. If more than one person signs in the name or behalf of the issuer of aninstrument and all the signers do not intend the same person as payee, theinstrument is payable to any person intended by one or more of the signers.
(b) If the signature of the issuer of an instrument is madeby automated means, such as a check-writing machine, the payee of theinstrument is determined by the intent of the person who supplied the name oridentification of the payee, whether or not authorized to do so.
(c) A person to whom an instrument is payable may beidentified in any way, including by name, identifying number, office, oraccount number. For the purpose of determining the holder of an instrument, thefollowing rules apply:
(1) If an instrument is payable to an account and the accountis identified only by number, the instrument is payable to the person to whomthe account is payable. If an instrument is payable to an account identified bynumber and by the name of a person, the instrument is payable to the namedperson, whether or not that person is the owner of the account identified bynumber.
(2) If an instrument is payable to:
(i) A trust, an estate, or a person described as trustee orrepresentative of a trust or estate, the instrument is payable to the trustee,the representative, or a successor of either, whether or not the beneficiary orestate is also named;
(ii) A person described as agent or similar representative ofa named or identified person, the instrument is payable to the representedperson, the representative, or a successor of the representative;
(iii) A fund or organization that is not a legal entity, theinstrument is payable to a representative of the members of the fund ororganization; or
(iv) An office or to a person described as holding an office,the instrument is payable to the named person, the incumbent of the office, ora successor to the incumbent.
(d) If an instrument is payable to two or more personsalternatively, it is payable to any of them and may be negotiated, discharged,or enforced by any or all of them in possession of the instrument. If aninstrument is payable to two or more persons not alternatively, it is payableto all of them and may be negotiated, discharged, or enforced only by all ofthem. If an instrument payable to two or more persons is ambiguous as towhether it is payable to the persons alternatively, the instrument is payableto the persons alternatively.