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Making a note not negotiable (1 viewing) (1) Guest
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TOPIC: Making a note not negotiable
#5249
Samantha (User)
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Making a note not negotiable 2 Years, 1 Month ago Karma: 2  
I am preparing a promissory note and i want to make sure that it can only be exercised by the make and not negotiated. Do i need to state that in the note? how can i prevent it from being sold to another party?
 
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#5268
m_brandt (Visitor)

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Re:Making a note not negotiable 2 Years, 1 Month ago  
why dont you just say: "pay to the order of"
 
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#5278
Samantha (User)
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Re:Making a note not negotiable 2 Years, 1 Month ago Karma: 2  
I thought that was a joke until i thought about it and looked into it. However, turns out you are right. Thank you.
 
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