Current through 2024 NY Law Chapter 553
Section 3-117 - Instruments Payable With Words of DescriptionAn instrument made payable to a named person with the addition of words describing him
(a) as agent or officer of a specified person is payable to his principal but the agent or officer may act as if he were the holder;(b) as any other fiduciary for a specified person or purpose is payable to the payee and may be negotiated, discharged or enforced by him;(c) in any other manner is payable to the payee unconditionally and the additional words are without effect on subsequent parties.