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Part 1 - General Provisions and Definitions
§ 4-3-101. Short title - This chapter may be cited as Uniform Commercial Code —...
§ 4-3-102. Subject matter - (a) This chapter applies to negotiable instruments. It does not...
§ 4-3-103. Definitions - (a) In this chapter: (1) “Acceptor” means a drawee who...
§ 4-3-104. Negotiable instrument - (a) Except as provided in subsections (c) and (d), “negotiable...
§ 4-3-105. Issue of instrument - (a) “Issue” means the first delivery of an instrument by...
§ 4-3-106. Unconditional promise or order - (a) Except as provided in this section, for the purposes...
§ 4-3-107. Instrument payable in foreign money - Unless the instrument otherwise provides, an instrument that states the...
§ 4-3-108. Payable on demand or at definite time - (a) A promise or order is “payable on demand” if...
§ 4-3-109. Payable to bearer or to order - (a) A promise or order is payable to bearer if...
§ 4-3-110. Identification of person to whom instrument is payable - (a) The person to whom an instrument is initially payable...
§ 4-3-111. Place of payment - Except as otherwise provided for items in Chapter 4, an...
§ 4-3-112. Interest - (a) Unless otherwise provided in the instrument, (i) an instrument...
§ 4-3-113. Date of instrument - (a) An instrument may be antedated or postdated. The date...
§ 4-3-114. Contradictory terms of instrument - If an instrument contains contradictory terms, typewritten terms prevail over...
§ 4-3-115. Incomplete instrument - (a) “Incomplete instrument” means a signed writing, whether or not...
§ 4-3-116. Joint and several liability — Contribution - (a) Except as otherwise provided in the instrument, two (2)...
§ 4-3-117. Other agreements affecting instrument - Subject to applicable law regarding exclusion of proof of contemporaneous...
§ 4-3-118. Statute of limitations - (a) Except as provided in subsection (e), an action to...
§ 4-3-119. Notice of right to defend action - In an action for breach of an obligation for which...
Part 2 - Negotiation, Transfer, and Indorsement
§ 4-3-201. Negotiation - (a) “Negotiation” means a transfer of possession, whether voluntary or...
§ 4-3-202. Negotiation subject to rescission - (a) Negotiation is effective even if obtained (i) from an...
§ 4-3-203. Transfer of instrument — Rights acquired by transfer - (a) An instrument is transferred when it is delivered by...
§ 4-3-204. Indorsement - (a) “Indorsement” means a signature, other than that of a...
§ 4-3-205. Special indorsement — Blank indorsement — Anomalous indorsement - (a) If an indorsement is made by the holder of...
§ 4-3-206. Restrictive indorsement - (a) An indorsement limiting payment to a particular person or...
§ 4-3-207. Reacquisition - Reacquisition of an instrument occurs if it is transferred to...
Part 3 - Enforcement of Instruments
§ 4-3-301. Person entitled to enforce instrument - Person entitled to enforce” an instrument means (i) the holder...
§ 4-3-302. Holder in due course - (a) Subject to subsection (c) and § 4-3-106(d), “holder in...
§ 4-3-303. Value and consideration - (a) An instrument is issued or transferred for value if:...
§ 4-3-304. Overdue instrument - (a) An instrument payable on demand becomes overdue at the...
§ 4-3-305. Defenses and claims in recoupment - (a) Except as otherwise provided in this section, the right...
§ 4-3-306. Claims to an instrument - A person taking an instrument, other than a person having...
§ 4-3-307. Notice of breach of fiduciary duty - (a) In this section: (1) “Fiduciary” means an agent, trustee,...
§ 4-3-308. Proof of signatures and status as holder in due course - (a) In an action with respect to an instrument, the...
§ 4-3-309. Enforcement of lost, destroyed, or stolen instrument - (a) A person not in possession of an instrument is...
§ 4-3-310. Effect of instrument on obligation for which taken - (a) Unless otherwise agreed, if a certified check, cashier's check,...
§ 4-3-311. Accord and satisfaction by use of instrument - (a) If a person against whom a claim is asserted...
§ 4-3-312. Lost, destroyed, or stolen cashier's check, teller's check, or certified check - (a) In this section: (1) “Check” means a cashier's check,...
Part 4 - Liability of Parties
§ 4-3-401. Signature - (a) A person is not liable on an instrument unless...
§ 4-3-402. Signature by representative - (a) If a person acting, or purporting to act, as...
§ 4-3-403. Unauthorized signature - (a) Unless otherwise provided in this chapter or § 4-4-401...
§ 4-3-404. Impostors — Fictitious payees - (a) If an impostor, by use of the mails or...
§ 4-3-405. Employer's responsibility for fraudulent indorsement by employee - (a) In this section: (1) “Employee” includes an independent contractor...
§ 4-3-406. Negligence contributing to forged signature or alteration of instrument - (a) A person whose failure to exercise ordinary care substantially...
§ 4-3-407. Alteration - (a) “Alteration” means (i) an unauthorized change in an instrument...
§ 4-3-408. Drawee not liable on unaccepted draft - A check or other draft does not of itself operate...
§ 4-3-409. Acceptance of draft — Certified check - (a) “Acceptance” means the drawee's signed agreement to pay a...
§ 4-3-410. Acceptance varying draft - (a) If the terms of a drawee's acceptance vary from...
§ 4-3-411. Refusal to pay cashier's checks, teller's checks, and certified checks - (a) In this section, “obligated bank” means the acceptor of...
§ 4-3-412. Obligation of issuer of note or cashier's check - The issuer of a note or cashier's check or other...
§ 4-3-413. Obligation of acceptor - (a) The acceptor of a draft is obliged to pay...
§ 4-3-414. Obligation of drawer - (a) This section does not apply to cashier's checks or...
§ 4-3-415. Obligation of indorser - (a) Subject to subsections (b), (c), and (d) and to...
§ 4-3-416. Transfer warranties - (a) A person who transfers an instrument for consideration warrants...
§ 4-3-417. Presentment warranties - (a) If an unaccepted draft is presented to the drawee...
§ 4-3-418. Payment or acceptance by mistake - (a) Except as provided in subsection (c), if the drawee...
§ 4-3-419. Instruments signed for accommodation - (a) If an instrument is issued for value given for...
§ 4-3-420. Conversion of instrument - (a) The law applicable to conversion of personal property applies...
Part 5 - Dishonor
§ 4-3-501. Presentment - (a) “Presentment” means a demand made by or on behalf...
§ 4-3-502. Dishonor - (a) Dishonor of a note is governed by the following...
§ 4-3-503. Notice of dishonor - (a) The obligation of an indorser stated in § 4-3-415(a)...
§ 4-3-504. Excused presentment and notice of dishonor - (a) Presentment for payment or acceptance of an instrument is...
§ 4-3-505. Evidence of dishonor - (a) The following are admissible as evidence and create a...
Part 6 - Discharge and Payment
§ 4-3-601. Discharge and effect of discharge - (a) The obligation of a party to pay the instrument...
§ 4-3-602. Payment - (a) Subject to subsection (e), an instrument is paid to...
§ 4-3-603. Tender of payment - (a) If tender of payment of an obligation to pay...
§ 4-3-604. Discharge by cancellation or renunciation - (a) A person entitled to enforce an instrument, with or...
§ 4-3-605. Discharge of secondary obligors - (a) If a person entitled to enforce an instrument releases...