Remitter Of Lost Cashier’s Check, Who Had Transferred The Instrument Years Before, Could Not Enforce It Against The Issuing Bank

LexisNexis (January 25, 2019, 11:41 AM EST) -- Article 3 of the UCC includes rules that determine when the remitter of a cashier’s check (or teller’s check or certified check) can enforce that instrument against the bank that issued the check. In a notable recent decision, the District of Columbia has ruled that the remitter of a cashier’s check could not enforce it against the bank issuer because the remitter had previously “transferred” it to alternative named payees. The decision seems correct....