Is it legal to cash a joint check without the other party endorsing it?
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Is it legal to cash a joint check without the other party endorsing it?
Asked on March 8, 2012 under Business Law, Texas
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Under the laws of all states in this country, a check that is issued to two or more people needs to be endorsed by all parties in order for it to be legally negotiated with a bank or some third party business. With respect to your question, for a bank to accept a check not negotiated by all parties to whom it is issued would not comply with existing law.
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