Payable to Bearer

Payable to Bearer. An instrument is payable to bearer when by its terms it is payable to: (a) Bearer or the order of bearer; or (b) A specified person or bearer; or (c) “Cash” or the order of “cash,” or any other indication which does not purport to designate a specific payee. Source: PL 3-56, § 1 (§ 3111).