Joint Payees Law and Legal Definition
Joint payees are persons to whom a negotiable instrument drawn payable to the order of two or more persons jointly, is payable.
Two or more persons who have the same liability on an instrument as makers, drawers, acceptors, or indorsers and who indorse as joint payees are jointly and severally liable in the capacity in which they sign. [U.C.C. § 3-116].
