Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Part 1 - . General Provisions and Definitions
§ 75-3-101. Short title - This chapter may be cited as Uniform Commercial Code -...
§ 75-3-102. Subject matter - This chapter applies to negotiable instruments. It does not apply...
§ 75-3-103. Definitions - In this chapter: "Acceptance" Section 75-3-409 "Accommodated party" Section 75-3-419...
§ 75-3-104. Negotiable instrument - Except as provided in subsections (c) and (d), "negotiable instrument"...
§ 75-3-105. Issue of instrument - "Issue" means the first delivery of an instrument by the...
§ 75-3-106. Unconditional promise or order - Except as provided in this section, for the purposes of...
§ 75-3-107. Instrument payable in foreign money - Unless the instrument otherwise provides, an instrument that states the...
§ 75-3-108. Payable on demand or at definite time - A promise or order is "payable on demand" if it...
§ 75-3-109. Payable to bearer or to order - A promise or order is payable to bearer if it:...
§ 75-3-110. Identification of person to whom instrument is payable - The person to whom an instrument is initially payable is...
§ 75-3-111. Place of payment - Except as otherwise provided for items in Chapter 4, an...
§ 75-3-112. Interest - Unless otherwise provided in the instrument, (i) an instrument is...
§ 75-3-113. Date of instrument - An instrument may be antedated or postdated. The date stated...
§ 75-3-114. Contradictory terms of instrument - If an instrument contains contradictory terms, typewritten terms prevail over...
§ 75-3-115. Incomplete instrument - "Incomplete instrument" means a signed writing, whether or not issued...
§ 75-3-116. Joint and several liability; contribution - Except as otherwise provided in the instrument, two (2) or...
§ 75-3-117. Other agreements affecting instrument - Subject to applicable law regarding exclusion of proof of contemporaneous...
§ 75-3-118. Statute of limitations - Except as provided in subsection (e), an action to enforce...
§ 75-3-119. Notice of right to defend action - In an action for breach of an obligation for which...
Part 2 - . Negotiation, Transfer, and Indorsement
§ 75-3-201. Negotiation - "Negotiation" means a transfer of possession, whether voluntary or involuntary,...
§ 75-3-202. Negotiation subject to rescission - Negotiation is effective even if obtained (i) from an infant,...
§ 75-3-203. Transfer of instrument; rights acquired by transfer - An instrument is transferred when it is delivered by a...
§ 75-3-204. Indorsement - "Indorsement" means a signature, other than that of a signer...
§ 75-3-205. Special indorsement; blank indorsement; anomalous indorsement - If an indorsement is made by the holder of an...
§ 75-3-206. Restrictive indorsement - An indorsement limiting payment to a particular person or otherwise...
§ 75-3-207. Reacquisition - Reacquisition of an instrument occurs if it is transferred to...
Part 3 - . Enforcement of Instruments
§ 75-3-301. Person entitled to enforce instrument - "Person entitled to enforce" an instrument means (i) the holder...
§ 75-3-302. Holder in due course - Subject to subsection (c) and Section 75-3-106(d), "holder in due...
§ 75-3-303. Value and consideration - An instrument is issued or transferred for value if: "Consideration"...
§ 75-3-304. Overdue instrument - An instrument payable on demand becomes overdue at the earliest...
§ 75-3-305. Defenses and claims in recoupment - Except as otherwise provided in this section, the right to...
§ 75-3-306. Claims to an instrument - A person taking an instrument, other than a person having...
§ 75-3-307. Notice of breach of fiduciary duty - In this section: If (i) an instrument is taken from...
§ 75-3-308. Proof of signatures and status as holder in due course - In an action with respect to an instrument, the authenticity...
§ 75-3-309. Enforcement of lost, destroyed, or stolen instrument - A person not in possession of an instrument is entitled...
§ 75-3-310. Effect of instrument on obligation for which taken - Unless otherwise agreed, if a certified check, cashier's check, or...
§ 75-3-311. Accord and satisfaction by use of instrument - If a person against whom a claim is asserted proves...
§ 75-3-312. Lost, destroyed, or stolen cashier's check, teller's check, or certified check - In this section: A claimant may assert a claim to...
Part 4 - . Liability of Parties
§ 75-3-401. Signature - A person is not liable on an instrument unless (i)...
§ 75-3-402. Signature by representative - If a person acting, or purporting to act, as a...
§ 75-3-403. Unauthorized signature - Unless otherwise provided in this chapter or Chapter 4, an...
§ 75-3-404. Impostors; fictitious payees - If an impostor, by use of the mails or otherwise,...
§ 75-3-405. Employer's responsibility for fraudulent indorsement by employee - In this section: For the purpose of determining the rights...
§ 75-3-406. Negligence contributing to forged signature or alteration of instrument - A person whose failure to exercise ordinary care substantially contributes...
§ 75-3-407. Alteration - "Alteration" means (i) an unauthorized change in an instrument that...
§ 75-3-408. Drawee not liable on unaccepted draft - A check or other draft does not of itself operate...
§ 75-3-409. Acceptance of draft; certified check - "Acceptance" means the drawee's signed agreement to pay a draft...
§ 75-3-410. Acceptance varying draft - If the terms of a drawee's acceptance vary from the...
§ 75-3-411. Refusal to pay cashier's checks, teller's checks, and certified checks - In this section, "obligated bank" means the acceptor of a...
§ 75-3-412. Obligation of issuer of note or cashier's check - The issuer of a note or cashier's check or other...
§ 75-3-413. Obligation of acceptor - The acceptor of a draft is obliged to pay the...
§ 75-3-414. Obligation of drawer - This section does not apply to cashier's checks or other...
§ 75-3-415. Obligation of indorser - Subject to subsections (b), (c), and (d) and to Section...
§ 75-3-416. Transfer warranties - A person who transfers an instrument for consideration warrants to...
§ 75-3-417. Presentment warranties - If an unaccepted draft is presented to the drawee for...
§ 75-3-418. Payment or acceptance by mistake - Except as provided in subsection (c), if the drawee of...
§ 75-3-419. Instruments signed for accommodation - If an instrument is issued for value given for the...
§ 75-3-420. Conversion of instrument - The law applicable to conversion of personal property applies to...
Part 5 - . Dishonor
§ 75-3-501. Presentment - "Presentment" means a demand made by or on behalf of...
§ 75-3-502. Dishonor - Dishonor of a note is governed by the following rules:...
§ 75-3-503. Notice of dishonor - The obligation of an indorser stated in Section 75-3-415(a) and...
§ 75-3-504. Excused presentment and notice of dishonor - Presentment for payment or acceptance of an instrument is excused...
§ 75-3-505. Evidence of dishonor - The following are admissible as evidence and create a presumption...
Part 6 - . Discharge and payment
§ 75-3-601. Discharge and effect of discharge - The obligation of a party to pay the instrument is...
§ 75-3-602. Payment - Subject to subsection (e), an instrument is paid to the...
§ 75-3-603. Tender of payment - If tender of payment of an obligation to pay an...
§ 75-3-604. Discharge by cancellation or renunciation - A person entitled to enforce an instrument, with or without...
§ 75-3-605. Discharge of secondary obligors - If a person entitled to enforce an instrument releases the...