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