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Section 42a-3-101. - Short title: Uniform Commercial Code–Negotiable Instruments. - This article may be cited as “Uniform Commercial Code–Negotiable Instruments”....
Section 42a-3-102. - Subject matter. - (a) This article applies to negotiable instruments. It does not...
Section 42a-3-103. - Definitions. - (a) In this article: (1) “Acceptor” means a drawee who...
Section 42a-3-104. - Negotiable instrument. - (a) Except as provided in subsections (c) and (d), “negotiable...
Section 42a-3-105. - Issue of instrument. - (a) “Issue” means the first delivery of an instrument by...
Section 42a-3-106. - Unconditional promise or order. - (a) Except as provided in this section, for the purposes...
Section 42a-3-107. - Instrument payable in foreign money. - Unless the instrument otherwise provides, an instrument that states the...
Section 42a-3-108. - Payable on demand or at definite time. - (a) A promise or order is “payable on demand” if...
Section 42a-3-109. - Payable to bearer or to order. - (a) A promise or order is payable to bearer if...
Section 42a-3-110. - Identification of person to whom instrument is payable. - (a) The person to whom an instrument is initially payable...
Section 42a-3-111. - Place of payment. - Except as otherwise provided for items in article 4, an...
Section 42a-3-112. - Interest. - (a) Unless otherwise provided in the instrument, (i) an instrument...
Section 42a-3-113. - Date of instrument. - (a) An instrument may be antedated or postdated. The date...
Section 42a-3-114. - Contradictory terms of instrument. - If an instrument contains contradictory terms, typewritten terms prevail over...
Section 42a-3-115. - Incomplete instrument. - (a) “Incomplete instrument” means a signed writing, whether or not...
Section 42a-3-116. - Joint and several liability. Contribution. - (a) Except as otherwise provided in the instrument, two or...
Section 42a-3-117. - Other agreements affecting instrument. - Subject to applicable law regarding exclusion of proof of contemporaneous...
Section 42a-3-118. - Statute of limitations. - (a) Except as provided in subsection (e), an action to...
Section 42a-3-119. - Notice of right to defend action. - In an action for breach of an obligation for which...
Section 42a-3-120 to 42a-3-122. - Instruments “payable through” bank. Instruments payable at bank. Accrual of cause of action. - Sections 42a-3-120 to 42a-3-122, inclusive, are repealed. (1959, P.A. 133,...
Section 42a-3-201. - Negotiation. - (a) “Negotiation” means a transfer of possession, whether voluntary or...
Section 42a-3-202. - Negotiation subject to rescission. - (a) Negotiation is effective even if obtained (i) from an...
Section 42a-3-203. - Transfer of an instrument. Rights acquired by transfer. - (a) An instrument is transferred when it is delivered by...
Section 42a-3-204. - Endorsement. - (a) “Endorsement” means a signature, other than that of a...
Section 42a-3-205. - Special endorsement. Blank endorsement. Anomalous endorsement. - (a) If an endorsement is made by the holder of...
Section 42a-3-206. - Restrictive endorsement. - (a) An endorsement limiting payment to a particular person or...
Section 42a-3-207. - Reacquisition. - Reacquisition of an instrument occurs if it is transferred to...
Section 42a-3-208. - Reacquisition. - Section 42a-3-208 is repealed. (1959, P.A. 133, S. 3-208; P.A....
Section 42a-3-301. - Person entitled to enforce instrument. - Person entitled to enforce” an instrument means (i) the holder...
Section 42a-3-302. - Holder in due course. - (a) Subject to subsection (c) and section 42a-3-106(d), “holder in...
Section 42a-3-303. - Value and consideration. - (a) An instrument is issued or transferred for value if:...
Section 42a-3-304. - Overdue instrument. - (a) An instrument payable on demand becomes overdue at the...
Section 42a-3-305. - Defenses and claims in recoupment. - (a) Except as stated in subsection (b), the right to...
Section 42a-3-306. - Claims to an instrument. - A person taking an instrument, other than a person having...
Section 42a-3-307. - Notice of breach of fiduciary duty. - (a) In this section: (1) “Fiduciary” means an agent, trustee,...
Section 42a-3-308. - Proof of signatures and status as holder in due course. - (a) In an action with respect to an instrument, the...
Section 42a-3-309. - Enforcement of lost, destroyed or stolen instrument. - (a) A person not in possession of an instrument is...
Section 42a-3-310. - Effect of instrument on obligation for which taken. - (a) Unless otherwise agreed, if a certified check, cashier's check...
Section 42a-3-311. - Accord and satisfaction by use of instrument. - (a) If a person against whom a claim is asserted...
Section 42a-3-312. - Enforcement of lost, destroyed or stolen cashier's checks, teller's checks or certified checks. - (a) In this section: (1) “Check” means a cashier's check,...
Section 42a-3-401. - Signature. - (a) A person is not liable on an instrument unless...
Section 42a-3-402. - Signature by representative. - (a) If a person acting, or purporting to act, as...
Section 42a-3-403. - Unauthorized signature. - (a) Unless otherwise provided in this article or article 4,...
Section 42a-3-404. - Impostors. Fictitious payees. - (a) If an impostor, by use of the mails or...
Section 42a-3-405. - Employer's responsibility for fraudulent endorsement by employee. - (a) In this section: (1) “Employee” includes an independent contractor...
Section 42a-3-406. - Negligence contributing to forged signature or alteration of instrument. - (a) A person whose failure to exercise ordinary care substantially...
Section 42a-3-407. - Alteration. - (a) “Alteration” means (i) an unauthorized change in an instrument...
Section 42a-3-408. - Drawee not liable on unaccepted draft. - A check or other draft does not of itself operate...
Section 42a-3-409. - Acceptance of draft. Certified check. - (a) “Acceptance” means the drawee's signed agreement to pay a...
Section 42a-3-410. - Acceptance varying draft. - (a) If the terms of a drawee's acceptance vary from...
Section 42a-3-411. - Refusal to pay cashier's checks, teller's checks and certified checks. - (a) In this section, “obligated bank” means the acceptor of...
Section 42a-3-412. - Obligation of issuer of note or cashier's check. - The issuer of a note or cashier's check or other...
Section 42a-3-413. - Obligation of acceptor. - (a) The acceptor of a draft is obliged to pay...
Section 42a-3-414. - Obligation of drawer. - (a) This section does not apply to cashier's checks or...
Section 42a-3-415. - Obligation of endorser. - (a) Subject to subsections (b) to (e), inclusive, of this...
Section 42a-3-416. - Transfer warranties. - (a) A person who transfers an instrument for consideration warrants...
Section 42a-3-417. - Presentment warranties. - (a) If an unaccepted draft is presented to the drawee...
Section 42a-3-418. - Payment or acceptance by mistake. - (a) Except as provided in subsection (c), if the drawee...
Section 42a-3-419. - Instruments signed for accommodation. - (a) If an instrument is issued for value given for...
Section 42a-3-420. - Conversion of instrument. - (a) The law applicable to conversion of personal property applies...
Section 42a-3-501. - Presentment. - (a) “Presentment” means a demand made by or on behalf...
Section 42a-3-502. - Dishonor. - (a) Dishonor of a note is governed by the following...
Section 42a-3-503. - Notice of dishonor. - (a) The obligation of an endorser stated in section 42a-3-415(a)...
Section 42a-3-504. - Excused presentment and notice of dishonor. - (a) Presentment for payment or acceptance of an instrument is...
Section 42a-3-505. - Evidence of dishonor. - (a) The following are admissible as evidence and create a...
Section 42a-3-506 to 42a-3-511. - Time allowed for acceptance or payment. Dishonor; holder's right of recourse; term allowing representment. Notice of dishonor. Protest; noting for protest. Evidence of dishonor and notice of dishonor. Waved or excuse... - Sections 42a-3-506 to 42a-3-511, inclusive, are repealed. (1959, P.A. 133,...
Section 42a-3-601. - Discharge and effect of discharge. - (a) The obligation of a party to pay the instrument...
Section 42a-3-602. - Payment. - (a) Subject to subsection (b), an instrument is paid to...
Section 42a-3-603. - Tender of payment. - (a) If tender of payment of an obligation to pay...
Section 42a-3-604. - Discharge by cancellation or renunciation. - (a) A person entitled to enforce an instrument, with or...
Section 42a-3-605. - Discharge of endorsers and accommodation parties. - (a) In this section, the term “endorser” includes a drawer...
Section 42a-3-606. - Impairment of recourse or of collateral. - Section 42a-3-606 is repealed. (1959, P.A. 133, S. 3-606; P.A....
Section 42a-3-701. - Letter of advice of international sight draft. - Section 42a-3-701 is repealed. (1959, P.A. 133, S. 3-701; P.A....
Section 42a-3-801 to 42a-3-805. - Drafts in a set. Effect of instrument on obligation for which it is given. Notice to third party. Lost, destroyed or stolen instruments. Instruments not payable to order or to bearer. - Sections 42a-3-801 to 42a-3-805, inclusive, are repealed. (1959, P.A. 133,...