Section 3--405. Impostors; Signature in Name of Payee.
- (1) An indorsement by any person in the name of a named payee is effective if
- (a) an impostor by use of the mails or otherwise has induced the maker or drawer to issue the instrument to him or his confederate in the name of the payee; or
- (b) a person signing as or on behalf of a maker or drawer intends the payee to have no interest in the instrument; or
- (c) an agent or employee of the maker or drawer has supplied him with the name of the payee intending the latter to have no such interest.
- (2) Nothing in this section shall affect the criminal or civil liability of the person so indorsing.