8034.4 - ENDORSEMENT OF CHECKS BY OTHER THAN PAYEE AGENCY
(Renumbered from 8034.3 and Revised 5/98)

 

Negotiable instruments received by a state agency but payable to another state agency may be endorsed and deposited by the receiving agency when they are known to be a proper payment to the receiving agency.  The endorsement must contain a statement guaranteeing the absence of prior endorsement as prescribed in SAM Section 8034.1.