Title 11, Chapter 3, Section 201
(a) "Negotiation" means a transfer of possession, whether voluntary
or involuntary, of an instrument by a person other than the issuer
to a person who thereby becomes its holder.
(b) Except for negotiation by a remitter, if an instrument is
payable to an identified person, negotiation requires transfer of
possession of the instrument and its indorsement by the holder. If
an instrument is payable to bearer, it may be negotiated by transfer
of possession alone.