EXPLANATION.

The sections of this Act have been cross-referenced not by annotation but by inserting after the word or phrase the number of the section to which it is desired to attract the reader's attention. For instance, in Subsection 1 of Section 1 after the word "writing" have been inserted the figures 190, which refer the reader to Section 190 where it is declared that the word "written" includes the word "printed."

5. Provisions affecting negotiability.

6. Negotiable character, when not affected.

7. When payable on demand.

8. When payable to order.

9. When payable to bearer.

13. When holder may insert true date. 14. When blanks may be filled.

16. Delivery.

17. Ambiguous instruments-how con

strued.

18. Liability where signature does not appear; trade or assumed

names.

19. Signature by agent.

20. Liability of person signing as agent.

21. Signature by procuration.

22. Indorsement or assignment by infant or a corporation, lacking capacity.

23. Forged or unauthorized signature.

THE KENTUCKY

NEGOTIABLE INSTRUMENTS LAW

§ 1. Requirements of a Negotiable Instrument. "An instrument to be negotiated must conform to the following requirements:

(1) "It must be in writing (Sec. 190) and signed (Sec. 19) by the maker or drawer.

(2) "Must contain an unconditional (Sec. 3) promise or order to pay a sum certain (Sec. 2) in money (Sec. 6, Sub. 5).

(3) "Must be payable on demand (Sec. 7) or at a fixed or determinable future time (Sec. 4).

(4) "Must be payable to the order of a specified person (Secs. 8, 190) or to bearer (Sec. 9); and

(5) "Where the instrument is addressed to a drawee, he must be named or otherwise indicated therein with reasonable certainty."

See note to Section 184 on the question of what is negotiability.