Understanding the Legal Issues of Endorsements

• Overview
• Credits

Understand the rules and legal issues pertaining to unauthorized and fraudulent endorsements.Unauthorized and fraudulent endorsements are frequently the basis for litigation. As a result, understanding the legal rights and remedies surrounding check endorsements, training bank staff, review of bank statements, and oversight of bookkeepers and other professionals is critical to understanding legal risk. This course will discuss the rules and legal issues pertaining to check endorsements, including those established by the Uniform Commercial Code. This information will address the best practices and procedures for confirming proper endorsements and address endorsement issues concerning business checks, income tax and treasury checks, and checks made payable to trusts and other fiduciaries.

Authors

Michelle H. Badolato, Stradley Ronon Stevens & Young, LLP Eric M. Hurwitz, Stradley Ronon Stevens & Young, LLP

Agenda

Types of Endorsements

Who Is Entitled to Endorse a Check?

Witnessed Endorsements

Income Tax and Treasury Checks

Postdated Checks

Lost, Destroyed, or Stolen Checks

Authorized Signers for Businesses, Trusts, and Other Entities

Unauthorized Endorsements

Legal Claims

Rights and Responsibilities of Parties to a Check