Civil Code Article 721
This English translation was last updated on 2021-01-20, but the Chinese text was amended on 2026-08-17. Later amendments may not be reflected in the translation — please refer to the Chinese text.
The maker of a security payable to bearer is bound by it towards bona fide bearers, even if it has been lost, or stolen by him, or has otherwise passed into circulation without his consent.A security payable to bearer does not lose its effect, even if the securities is issued after the maker has died or has lost his capacity to make juridical acts.
中文原文 民法第721條
無記名證券發行人，其證券雖因遺失、被盜或其他非因自己之意思而流通者，對於善意持有人，仍應負責。
無記名證券，不因發行在發行人死亡或喪失能力後，失其效力。
無記名證券，不因發行在發行人死亡或喪失能力後，失其效力。