New York Laws
UCC - Uniform Commercial Code

1-103 - Construction of Uniform Commercial Code to Promote Its Purposes and Policies; Applicability of Supplemental Principles of Law. - (a) This act must be liberally construed and applied to...

1-104 - Construction Against Implied Repeal. - This act being a general act intended as a unified...

1-105 - Severability. - If any provision or clause of this act or its...

1-106 - Use of Singular and Plural; Gender. - (1) words in the singular number include the plural, and...

1-107 - Section Captions. - Section captions are part of this act. The subsection headings...

1-108 - Relation to Electronic Signatures in Global and National Commerce Act. - Commerce Act. This article modifies, limits, and supersedes the federal...

Part 2 - General Definitions and Principles of Interpretation

1-201 - General Definitions. - (a) Unless the context otherwise requires, words or phrases defined...

1-202 - Notice; Knowledge. - (a) Subject to subsection (f), a person has "notice" of...

1-203 - Lease Distinguished From Security Interest. - (a) Whether a transaction in the form of a lease...

1-204 - Value. - (a) in return for a binding commitment to extend credit...

1-205 - Reasonable Time; Seasonableness. - (a) Whether a time for taking an action required by...

1-206 - Presumptions. - Whenever this act creates a "presumption" with respect to a...

1-207 - Statute of Frauds for Kinds of Personal Property Not Otherwise Covered. - (a) Except in the cases described in subsection (b) of...

Part 3 - Territorial Applicability and General Rules

1-301 - Territorial Applicability; Parties' Power to Choose Applicable Law. - (a) Except as otherwise provided in this section, when a...

1-302 - Variation by Agreement. - (a) Except as otherwise provided in subsection (b) or elsewhere...

1-303 - Course of Performance, Course of Dealing, and Usage of Trade. - (a) A "course of performance" is a sequence of conduct...

1-304 - Obligation of Good Faith. - Every contract or duty within this act imposes an obligation...

1-305 - Remedies to Be Liberally Administered. - (a) The remedies provided by this act must be liberally...

1-306 - Waiver or Renunciation of Claim or Right After Breach. - A claim or right arising out of an alleged breach...

1-307 - Prima Facie Evidence by Third-Party Documents. - A document in due form purporting to be a bill...

1-308 - Performance or Acceptance Under Reservation of Rights. - A party that with explicit reservation of rights performs or...

1-309 - Option to Accelerate at Will. - A term providing that one party or that party's successor...

1-310 - Subordinated Obligations. - An obligation may be issued as subordinated to performance of...

Article 2 - Sales

Part 1 - Short Title, General Construction and Subject Matter

2-101 - Short Title. - This Article shall be known and may be cited as...

2-102 - Scope; Certain Security and Other Transactions Excluded From This Article. - From This Article. Unless the context otherwise requires, this Article...

2-103 - Definitions and Index of Definitions. - (1) In this Article unless the context otherwise requires (a)...

2-104 - Definitions: "Merchant"; "Between Merchants"; "Financing Agency". - (1) "Merchant" means a person who deals in goods of...

2-105 - Definitions: Transferability; "Goods"; "Future" Goods; "Lot"; "Commercial Unit". - (1) "Goods" means all things (including specially manufactured goods) which...

2-106 - Definitions. "Contract", "Agreement"; "Contract for Sale"; "Sale"; "Present Sale"; "Conforming" to Contract; "Termination"; "Cancellation". - (1) In this Article unless the context otherwise requires "contract"...

2-107 - Goods to Be Severed From Realty: Recording. - (1) A contract for the sale of minerals or the...

Part 2 - Form, Formation and Readjustment of Contract

2-201 - Formal Requirements; Statute of Frauds. - (1) Except as otherwise provided in this section a contract...

2-202 - Final Written Expression: Parol or Extrinsic Evidence. - (a) by course of performance, course of dealing, or usage...

2-203 - Seals Inoperative. - The affixing of a seal to a writing evidencing a...

2-204 - Formation in General. - (1) A contract for sale of goods may be made...

2-205 - Firm Offers. - An offer by a merchant to buy or sell goods...

2-206 - Offer and Acceptance in Formation of Contract. - (1) Unless otherwise unambiguously indicated by the language or circumstances...

2-207 - Additional Terms in Acceptance or Confirmation. - (1) A definite and seasonable expression of acceptance or a...

2-208 - Course of Performance or Practical Construction. - (1) Where the contract for sale involves repeated occasions for...

2-209 - Modification, Rescission and Waiver. - (1) An agreement modifying a contract within this Article needs...

2-210 - Delegation of Performance; Assignment of Rights. - (1) A party may perform his duty through a delegate...

Part 3 - General Obligation and Construction of Contract

2-301 - General Obligations of Parties. - The obligation of the seller is to transfer and deliver...

2-302 - Unconscionable Contract or Clause. - (1) If the court as a matter of law finds...

2-303 - Allocation or Division of Risks. - Where this Article allocates a risk or a burden as...

2-304 - Price Payable in Money, Goods, Realty, or Otherwise. - (1) The price can be made payable in money or...

2-305 - Open Price Term. - (1) The parties if they so intend can conclude a...

2-306 - Output, Requirements and Exclusive Dealings. - (1) A term which measures the quantity by the output...

2-307 - Delivery in Single Lot or Several Lots. - Unless otherwise agreed all goods called for by a contract...

2-308 - Absence of Specified Place for Delivery. - (a) the place for delivery of goods is the seller's...

2-309 - Absence of Specific Time Provisions; Notice of Termination. - (1) The time for shipment or delivery or any other...

2-310 - Open Time for Payment or Running of Credit; Authority to Ship Under Reservation. - (a) payment is due at the time and place at...

2-311 - Options and Cooperation Respecting Performance. - (1) An agreement for sale which is otherwise sufficiently definite...

2-312 - Warranty of Title and Against Infringement; Buyer's Obligation Against Infringement. - (1) Subject to subsection (2) there is in a contract...

2-313 - Express Warranties by Affirmation, Promise, Description, Sample. - (1) Express warranties by the seller are created as follows:...

2-314 - Implied Warranty: Merchantability; Usage of Trade. - (1) Unless excluded or modified (Section 2--316), a warranty that...

2-315 - Implied Warranty: Fitness for Particular Purpose. - Where the seller at the time of contracting has reason...

2-316 - Exclusion or Modification of Warranties. - (1) Words or conduct relevant to the creation of an...

2-317 - Cumulation and Conflict of Warranties Express or Implied. - (a) Exact or technical specifications displace an inconsistent sample or...

2-318 - Third Party Beneficiaries of Warranties Express or Implied. - Implied. A seller's warranty whether express or implied extends to...

2-319 - F. O. B. and F. A. S. Terms. - (1) Unless otherwise agreed the term F. O. B. (which...

2-320 - C. I. F. and C. & F. Terms. - (1) The term C. I. F. means that the price...

2-321 - C. I. F. or C. & f.: "Net Landed Weights"; "Payment on Arrival"; Warranty of Condition on Arrival. - (1) Where the price is based on or is to...

2-322 - Delivery "Ex-Ship". - (1) Unless otherwise agreed a term for delivery of goods...

2-323 - Form of Bill of Lading Required in Overseas Shipment; "Overseas". - (1) Where the contract contemplates overseas shipment and contains a...

2-324 - "No Arrival, No Sale" Term. - (a) the seller must properly ship conforming goods and if...

2-325 - "Letter of Credit" Term; "Confirmed Credit". - (1) Failure of the buyer seasonably to furnish an agreed...

2-326 - Sale on Approval and Sale or Return; Rights of Creditors. - (1) Unless otherwise agreed, if delivered goods may be returned...

2-327 - Special Incidents of Sale on Approval and Sale or Return. - (1) Under a sale on approval unless otherwise agreed (a)...

2-328 - Sale by Auction. - (1) In a sale by auction if goods are put...

Part 4 - Title, Creditors and Good Faith Purchasers

2-401 - Passing of Title; Reservation for Security; Limited Application of This Section. - (1) Title to goods cannot pass under a contract for...

2-402 - Rights of Seller's Creditors Against Sold Goods. - (1) Except as provided in subsections (2) and (3), rights...

2-403 - Power to Transfer; Good Faith Purchase of Goods; "Entrusting". - (1) A purchaser of goods acquires all title which his...

Part 5 - Performance

2-501 - Insurable Interest in Goods; Manner of Identification of Goods. - (1) The buyer obtains a special property and an insurable...

2-502 - Buyer's Right to Goods on Seller's Repudiation, Failure to Deliever, or Insolvency. - (1) Subject to subsections (2) and (3) and even though...

2-503 - Manner of Seller's Tender of Delivery. - (1) Tender of delivery requires that the seller put and...

2-504 - Shipment by Seller. - (a) put the goods in the possession of such a...

2-505 - Seller's Shipment Under Reservation. - (1) Where the seller has identified goods to the contract...

2-506 - Rights of Financing Agency. - (1) A financing agency by paying or purchasing for value...

2-507 - Effect of Seller's Tender; Delivery on Condition. - (1) Tender of delivery is a condition to the buyer's...

2-508 - Cure by Seller of Improper Tender or Delivery; Replacement. - (1) Where any tender or delivery by the seller is...

2-509 - Risk of Loss in the Absence of Breach. - (1) Where the contract requires or authorizes the seller to...

2-510 - Effect of Breach on Risk of Loss. - (1) Where a tender or delivery of goods so fails...

2-511 - Tender of Payment by Buyer; Payment by Check. - (1) Unless otherwise agreed tender of payment is a condition...

2-512 - Payment by Buyer Before Inspection. - (1) Where the contract requires payment before inspection non-conformity of...

2-513 - Buyer's Right to Inspection of Goods. - (1) Unless otherwise agreed and subject to subsection (3), where...

2-514 - When Documents Deliverable on Acceptance; When on Payment. - Payment. Unless otherwise agreed documents against which a draft is...

2-515 - Preserving Evidence of Goods in Dispute. - (a) either party on reasonable notification to the other and...

Part 6 - Breach, Repudiation and Excuse

2-601 - Buyer's Rights on Improper Delivery. - Subject to the provisions of this Article on breach in...

2-602 - Manner and Effect of Rightful Rejection. - (1) Rejection of goods must be within a reasonable time...

2-603 - Merchant Buyer's Duties as to Rightfully Rejected Goods. - (1) Subject to any security interest in the buyer (subsection...

2-604 - Buyer's Options as to Salvage of Rightfully Rejected Goods. - Goods. Subject to the provisions of the immediately preceding section...

2-605 - Waiver of Buyer's Objections by Failure to Particularize. - (1) The buyer's failure to state in connection with rejection...

2-606 - What Constitutes Acceptance of Goods. - (1) Acceptance of goods occurs when the buyer (a) after...

2-607 - Effect of Acceptance; Notice of Breach; Burden of Establishing Breach After Acceptance; Notice of Claim or Litigation to Person Answerable Over. - (1) The buyer must pay at the contract rate for...

2-608 - Revocation of Acceptance in Whole or in Part. - (1) The buyer may revoke his acceptance of a lot...

2-609 - Right to Adequate Assurance of Performance. - (1) A contract for sale imposes an obligation on each...

2-610 - Anticipatory Repudiation. - (a) for a commercially reasonable time await performance by the...

2-611 - Retraction of Anticipatory Repudiation. - (1) Until the repudiating party's next performance is due he...

2-612 - "Installment Contract"; Breach. - (1) An "installment contract" is one which requires or authorizes...

2-613 - Casualty to Identified Goods. - (a) if the loss is total the contract is avoided;...

2-614 - Substituted Performance. - (1) Where without fault of either party the agreed berthing,...

2-615 - Excuse by Failure of Presupposed Conditions. - (a) Delay in delivery or non-delivery in whole or in...

2-616 - Procedure on Notice Claiming Excuse. - (1) Where the buyer receives notification of a material or...

Part 7 - Remedies

2-701 - Remedies for Breach of Collateral Contracts Not Impaired. - Impaired. Remedies for breach of any obligation or promise collateral...

2-702 - Seller's Remedies on Discovery of Buyer's Insolvency. - (1) Where the seller discovers the buyer to be insolvent...

2-703 - Seller's Remedies in General. - (a) withhold delivery of such goods; (b) stop delivery by...

2-704 - Seller's Right to Identify Goods to the Contract Notwithstanding Breach or to Salvage Unfinished Goods. - (1) An aggrieved seller under the preceding section may (a)...

2-705 - Seller's Stoppage of Delivery in Transit or Otherwise. - (1) The seller may stop delivery of goods in the...

2-706 - Seller's Resale Including Contract for Resale. - (1) Under the conditions stated in Section 2--703 on seller's...

2-707 - "Person in the Position of a Seller". - (1) A "person in the position of a seller" includes...

2-708 - Seller's Damages for Non-Acceptance or Repudiation. - (1) Subject to subsection (2) and to the provisions of...

2-709 - Action for the Price. - (1) When the buyer fails to pay the price as...

2-710 - Seller's Incidental Damages. - Incidental damages to an aggrieved seller include any commercially reasonable...

2-711 - Buyer's Remedies in General; Buyer's Security Interest in Rejected Goods. - (1) Where the seller fails to make delivery or repudiates...

2-712 - "Cover"; Buyer's Procurement of Substitute Goods. - (1) After a breach within the preceding section the buyer...

2-713 - Buyer's Damages for Non-Delivery or Repudiation. - (1) Subject to the provisions of this Article with respect...

2-714 - Buyer's Damages for Breach in Regard to Accepted Goods. - (1) Where the buyer has accepted goods and given notification...

2-715 - Buyer's Incidental and Consequential Damages. - (1) Incidental damages resulting from the seller's breach include expenses...

2-716 - Buyer's Right to Specific Performance or Replevin. - (1) Specific performance may be decreed where the goods are...

2-717 - Deduction of Damages From the Price. - The buyer on notifying the seller of his intention to...

2-718 - Liquidation or Limitation of Damages; Deposits. - (1) Damages for breach by either party may be liquidated...

2-719 - Contractual Modification or Limitation of Remedy. - (1) Subject to the provisions of subsections (2) and (3)...

2-720 - Effect of "Cancellation" or "Rescission" on Claims for Antecedent Breach. - Antecedent Breach. Unless the contrary intention clearly appears, expressions of...

2-721 - Remedies for Fraud. - Remedies for material misrepresentation or fraud include all remedies available...

2-722 - Who Can Sue Third Parties for Injury to Goods. - (a) a right of action against the third party is...

2-723 - Proof of Market Price: Time and Place. - (1) If an action based on anticipatory repudiation comes to...

2-724 - Admissibility of Market Quotations. - Whenever the prevailing price or value of any goods regularly...

2-725 - Statute of Limitations in Contracts for Sale. - (1) An action for breach of any contract for sale...

Article 2-A - Leases

Part 1 - General Provisions

2-A-101 - Short Title. - This Article shall be known and may be cited as...

2-A-102 - Scope. - This Article applies to any transaction, regardless of form, that...

2-A-103 - Definitions and Index of Definitions. - (1) In this Article unless the context otherwise requires: (a)...

2-A-104 - Leases Subject to Other Law. - (1) A lease, although subject to this Article, is also...

2-A-105 - Territorial Application of Article to Goods Covered by Certificate of Title. - Certificate of Title. Subject to the provisions of Sections 2-A-304(3)...

2-A-106 - Limitation on Power of Parties to Consumer Lease to Choose Applicable Law and Judicial Forum. - (1) If the law chosen by the parties to a...

2-A-107 - Waiver or Renunciation of Claim or Right After Default. - Any claim or right arising out of an alleged default...

2-A-108 - Unconscionability. - (1) If the court as a matter of law finds...

2-A-109 - Option to Accelerate at Will. - (1) A term providing that one party or his or...

Part 2 - Formation and Construction of Lease Contract

2-A-201 - Statute of Frauds. - (1) A lease contract is not enforceable by way of...

2-A-202 - Final Written Expression: Parol or Extrinsic Evidence. - Terms with respect to which the confirmatory memoranda of the...

2-A-203 - Seals Inoperative. - The affixing of a seal to a writing evidencing a...

2-A-204 - Formation in General. - (1) A lease contract may be made in any manner...

2-A-205 - Firm Offers. - An offer by a merchant to lease goods to or...

2-A-206 - Offer and Acceptance in Formation of Lease Contract. - (1) Unless otherwise unambiguously indicated by the language or circumstances,...

2-A-208 - Modification, Rescission and Waiver. - (1) An agreement modifying a lease contract needs no consideration...

2-A-209 - Lessee Under Finance Lease as Beneficiary of Supply Contract. - (1) The benefit of a supplier's promises to the lessor...

2-A-210 - Express Warranties. - (1) Express warranties by the lessor are created as follows:...

2-A-211 - Warranties Against Interference and Against Infringement; Lessee's Obligation Against Infringement. - (1) There is in a lease contract a warranty that...

2-A-212 - Implied Warranty of Merchantability. - (1) Except in a finance lease, a warranty that the...

2-A-213 - Implied Warranty of Fitness for Particular Purpose. - Except in a finance lease, if the lessor at the...

2-A-214 - Exclusion or Modification of Warranties. - (1) Words or conduct relevant to the creation of an...

2-A-215 - Cumulation and Conflict of Warranties Express or Implied. - (1) exact or technical specifications displace an inconsistent sample or...

2-A-216 - Third-Party Beneficiaries of Express or Implied Warranties. - Warranties. A warranty to or for the benefit of a...

2-A-217 - Identification. - (1) when the lease contract is made if the lease...

2-A-218 - Insurance and Proceeds. - (1) A lessee obtains an insurable interest when existing goods...

2-A-219 - Risk of Loss. - (1) Except in the case of a finance lease, risk...

2-A-220 - Effect of Default on Risk of Loss. - (1) Where risk of loss is to pass to the...

2-A-221 - Casualty to Identified Goods. - (1) if the loss is total, the lease contract is...

Part 3 - Effect of Lease Contract

2-A-301 - Enforceability of Lease Contract. - Except as otherwise provided in this Article, a lease contract...

2-A-302 - Title to and Possession of Goods. - Except as otherwise provided in this Article, each provision of...

2-A-303 - Alienability of Party's Interest Under Lease Contract or of Lessor's Residual Interest in Goods; Delegation of Performance; Transfer of Rights. - (1) As used in this section, "creation of a security...

2-A-304 - Subsequent Lease of Goods by Lessor. - (1) Subject to Section 2-A-303, a subsequent lessee from a...

2-A-305 - Sale or Sublease of Goods by Lessee. - (1) Subject to the provisions of Section 2-A-303, a buyer...

2-A-306 - Priority of Certain Liens Arising by Operation of Law. - If a person in the ordinary course of his or...

2-A-307 - Priority of Liens Arising by Attachment or Levy On, Security Interests In, and Other Claims to Goods. - (1) Except as otherwise provided in Section 2-A-306, a creditor...

2-A-308 - Special Rights of Creditors. - (1) A creditor of a lessor in possession of goods...

2-A-309 - Lessor's and Lessee's Rights When Goods Become Fixtures. - (1) In this section: (a) Goods are "fixtures" when they...

2-A-310 - Lessor's and Lessee's Rights When Goods Become Accessions. - (1) Goods are "accessions" when they are installed in or...

2-A-311 - Priority Subject to Subordination. - Nothing in this Article prevents subordination by agreement by any...

Part 4 - Performance of Lease Contract: Repudiated, Substituted and Excused

2-A-401 - Insecurity: Adequate Assurance of Performance. - (1) A lease contract imposes an obligation on each party...

2-A-402 - Anticipatory Repudiation. - (1) for a commercially reasonable time, await retraction of repudiation...

2-A-403 - Retraction of Anticipatory Repudiation. - (1) Until the repudiating party's next performance is due, the...

2-A-404 - Substituted Performance. - (1) If without fault of the lessee, the lessor and...

2-A-405 - Excused Performance. - (1) Subject to Section 2-A-404 on substituted performance, the following...

2-A-406 - Procedure on Excused Performance. - (1) If the lessee receives notification of a material or...

2-A-407 - Irrevocable Promises: Finance Leases. - (1) In the case of a finance lease that is...

Part 5 - Default

2-A-501 - Default: Procedure. - (1) Whether the lessor or the lessee is in default...

2-A-502 - Notice After Default. - Except as otherwise provided in this Article or the lease...

2-A-503 - Modification or Impairment of Rights and Remedies. - (1) Except as otherwise provided in this Article, the lease...

2-A-504 - Liquidation of Damages. - (1) Damages payable by either party for default, or any...

2-A-505 - Cancellation and Termination and Effect of Cancellation, Termination, Rescission, or Fraud on Rights and Remedies. - (1) On cancellation of the lease contract, all obligations that...

2-A-506 - Statute of Limitations. - (1) An action for default under a lease contract, including...

2-A-507 - Proof of Market Rent: Time and Place. - (1) Damages based on market rent (Section 2-A-519 or 2-A-528)...

2-A-508 - Lessee's Rememdies. - (1) If a lessor fails to deliver the goods in...

2-A-509 - Lessee's Rights on Improper Delivery: Rightful Rejection. - (1) Subject to the provisions of Section 2-A-510 on default...

2-A-510 - Installment Lease Contracts: Rejection and Default. - (1) Under an installment lease contract a lessee may reject...

2-A-511 - Merchant Lessee's Duties as to Rightfully Rejected Goods. - (1) Subject to any security interest of a lessee (Section...

2-A-512 - Lessee's Duties as to Rightfully Rejected Goods. - (1) Except as otherwise provided with respect to goods that...

2-A-513 - Cure by Lessor of Improper Tender or Delivery; Replacement. - (1) If any tender or delivery by the lessor or...

2-A-514 - Waiver of Lessee's Objections. - (1) In rejecting goods, a lessee's failure to state a...

2-A-515 - Acceptance of Goods. - (1) Acceptance of goods occurs after the lessee has had...

2-A-516 - Effect of Acceptance of Goods; Notice of Default; Burden of Establishing Default After Acceptance; Notice of Claim or Litigation to Person Answerable - (1) A lessee must pay rent for any goods accepted...

2-A-517 - Revocation of Acceptance of Goods. - (1) A lessee may revoke acceptance of a lot or...

2-A-518 - Cover; Substitute Goods. - (1) After a default by a lessor under the lease...

2-A-519 - Lessee's Damages for Non-Delivery, Repudiation, Default, and Breach of Warranty in Regard to Accepted Goods. - (1) Except as otherwise provided with respect to damages liquidated...

2-A-520 - Lessee's Incidental and Consequential Damages. - (1) Incidental damages resulting from a lessor's default include expenses...

2-A-521 - Lessee's Right to Specific Performance or Replevin. - (1) Specific performance may be decreed if the goods are...

2-A-522 - Lessee's Right to Goods on Lessor's Insolvency. - (1) Subject to subsection (2) and even though the goods...

2-A-523 - Lessor's Remedies. - (1) If a lessee wrongfully rejects or revokes acceptance of...

2-A-524 - Lessor's Right to Identify Goods to Lease Contract. - (1) After default by the lessee under the lease contract...

2-A-525 - Lessor's Right to Possession of Goods. - (1) If a lessor discovers the lessee to be insolvent,...

2-A-526 - Lessor's Stoppage of Delivery in Transit or Otherwise. - (1) A lessor may stop delivery of goods in the...

2-A-527 - Lessor's Rights to Dispose of Goods. - (1) After a default by a lessee under the lease...

2-A-528 - Lessor's Damages for Non-Acceptance, Failure to Pay, Repudiation, or Other Default. - (1) Except as otherwise provided with respect to damages liquidated...

2-A-529 - Lessor's Action for the Rent. - (1) After default by the lessee under the lease contract...

2-A-530 - Lessor's Incidental Damages. - Incidental damages to an aggrieved lessor include any commercially reasonable...

2-A-531 - Standing to Sue Third Parties for Injury to Goods. - (1) If a third party so deals with goods that...

2-A-532 - Lessor's Rights to Residual Interest. - In addition to any other recovery permitted by this Article...

Article 3 - Commercial Paper

Part 1 - Short Title, Form and Interpretation

3-101 - Short Title. - This Article shall be known and may be cited as...

3-102 - Definitions and Index of Definitions. - (1) In this Article unless the context otherwise requires (a)...

3-103 - Limitations on Scope of Article. - (1) This Article does not apply to money, documents of...

3-104 - Form of Negotiable Instruments; "Draft"; "Check"; "Certificate of Deposit"; "Note". - (1) Any writing to be a negotiable instrument within this...

3-105 - When Promise or Order Unconditional. - (1) A promise or order otherwise unconditional is not made...

3-106 - Sum Certain. - (1) The sum payable is a sum certain even though...

3-107 - Money. - (1) An instrument is payable in money if the medium...

3-108 - Payable on Demand. - Instruments payable on demand include those payable at sight or...

3-109 - Definite Time. - (1) An instrument is payable at a definite time if...

3-110 - Payable to Order. - (1) An instrument is payable to order when by its...

3-111 - Payable to Bearer. - An instrument is payable to bearer when by its terms...

3-112 - Terms and Omissions Not Affecting Negotiability. - (1) The negotiability of an instrument is not affected by...

3-113 - Seal. - An instrument otherwise negotiable is within this Article even though...

3-114 - Date, Antedating, Postdating. - (1) The negotiability of an instrument is not affected by...

3-115 - Incomplete Instruments. - (1) When a paper whose contents at the time of...

3-116 - Instruments Payable to Two or More Persons. - (a) if in the alternative is payable to any one...

3-117 - Instruments Payable With Words of Description. - (a) as agent or officer of a specified person is...

3-118 - Ambiguous Terms and Rules of Construction. - (a) Where there is doubt whether the instrument is a...

3-119 - Other Writings Affecting Instrument. - (1) As between the obligor and his immediate obligee or...

3-120 - Instruments "Payable Through" Bank. - An instrument which states that it is "payable through" a...

3-121 - Instruments Payable at Bank. - A note or acceptance which states that it is payable...

3-122 - Accrual of Cause of Action. - (1) A cause of action against a maker or an...

Part 2 - Transfer and Negotiation

3-201 - Transfer: Right to Indorsement. - (1) Transfer of an instrument vests in the transferee such...

3-202 - Negotiation. - (1) Negotiation is the transfer of an instrument in such...

3-203 - Wrong or Misspelled Name. - Where an instrument is made payable to a person under...

3-204 - Special Indorsement; Blank Indorsement. - (1) A special indorsement specifies the person to whom or...

3-205 - Restrictive Indorsements. - (a) is conditional; or (b) purports to prohibit further transfer...

3-206 - Effect of Restrictive Indorsement. - (1) No restrictive indorsement prevents further transfer or negotiation of...

3-207 - Negotiation Effective Although It May Be Rescinded. - (1) Negotiation is effective to transfer the instrument although the...

3-208 - Reacquisition. - Where an instrument is returned to or reacquired by a...

Part 3 - Rights of a Holder

3-301 - Rights of a Holder. - The holder of an instrument whether or not he is...

3-302 - Holder in Due Course. - (1) A holder in due course is a holder who...

3-303 - Taking for Value. - (a) to the extent that the agreed consideration has been...

3-304 - Notice to Purchaser. - (1) The purchaser has notice of a claim or defense...

3-305 - Rights of a Holder in Due Course. - (1) all claims to it on the part of any...

3-306 - Rights of One Not Holder in Due Course. - (a) all valid claims to it on the part of...

3-307 - Burden of Establishing Signatures, Defenses and Due Course. - (1) Unless specifically denied in the pleadings each signature on...

Part 4 - Liability of Parties

3-401 - Signature. - (1) No person is liable on an instrument unless his...

3-402 - Signature in Ambiguous Capacity. - Unless the instrument clearly indicates that a signature is made...

3-403 - Signature by Authorized Representative. - (1) A signature may be made by an agent or...

3-404 - Unauthorized Signatures. - (1) Any unauthorized signature is wholly inoperative as that of...

3-405 - Impostors; Signature in Name of Payee. - (1) An indorsement by any person in the name of...

3-406 - Negligence Contributing to Alteration or Unauthorized Signature. - Signature. Any person who by his negligence substantially contributes to...

3-407 - Alteration. - (1) Any alteration of an instrument is material which changes...

3-408 - Consideration. - Want or failure of consideration is a defense as against...

3-409 - Draft Not an Assignment. - (1) A check or other draft does not of itself...

3-410 - Definition and Operation of Acceptance. - (1) Acceptance is the drawee's signed engagement to honor the...

3-411 - Certification of a Check. - (1) Certification of a check is acceptance. Where a holder...

3-412 - Acceptance Varying Draft. - (1) Where the drawee's proffered acceptance in any manner varies...

3-413 - Contract of Maker, Drawer and Acceptor. - (1) The maker or acceptor engages that he will pay...

3-414 - Contract of Indorser; Order of Liability. - (1) Unless the indorsement otherwise specifies (as by such words...

3-415 - Contract of Accommodation Party. - (1) An accommodation party is one who signs the instrument...

3-416 - Contract of Guarantor. - (1) "Payment guaranteed" or equivalent words added to a signature...

3-417 - Warranties on Presentment and Transfer. - (1) Any person who obtains payment or acceptance and any...

3-418 - Finality of Payment or Acceptance. - Except for recovery of bank payments as provided in the...

3-419 - Conversion of Instrument; Innocent Representative. - (1) An instrument is converted when (a) a drawee to...

Part 5 - Presentment, Notice of Dishonor and Protest

3-501 - When Presentment, Notice of Dishonor, and Protest Necessary or Permissible. - (1) Unless excused (Section 3--511) presentment is necessary to charge...

3-502 - Unexcused Delay; Discharge. - (1) Where without excuse any necessary presentment or notice of...

3-503 - Time of Presentment. - (1) Unless a different time is expressed in the instrument...

3-504 - How Presentment Made. - (1) Presentment is a demand for acceptance or payment made...

3-505 - Rights of Party to Whom Presentment Is Made. - (1) The party to whom presentment is made may without...

3-506 - Time Allowed for Acceptance or Payment. - (1) Acceptance may be deferred without dishonor until the close...

3-507 - Dishonor; Holder's Right of Recourse; Term Allowing Re-Presentment. - (1) An instrument is dishonored when (a) a necessary or...

3-508 - Notice of Dishonor. - (1) Notice of dishonor may be given to any person...

3-509 - Protest; Noting for Protest. - (1) A protest is a certificate of dishonor made under...

3-510 - Evidence of Dishonor and Notice of Dishonor. - (a) a document regular in form as provided in the...

3-511 - Waived or Excused Presentment, Protest or Notice of Dishonor or Delay Therein. - (1) Delay in presentment, protest or notice of dishonor is...

Part 6 - Discharge

3-601 - Discharge of Parties. - (1) The extent of the discharge of any party from...

3-602 - Effect of Discharge Against Holder in Due Course. - No discharge of any party provided by this Article is...

3-603 - Payment or Satisfaction. - (1) The liability of any party is discharged to the...

3-604 - Tender of Payment. - (1) Any party making tender of full payment to a...

3-605 - Cancellation and Renunciation. - (1) The holder of an instrument may even without consideration...

3-606 - Impairment of Recourse or of Collateral. - (1) The holder discharges any party to the instrument to...

Part 7 - Advice of International Sight Draft

3-701 - Letter of Advice of International Sight Draft. - (1) A "letter of advice" is a drawer's communication to...

Part 8 - Miscellaneous

3-801 - Drafts in a Set. - (1) Where a draft is drawn in a set of...

3-802 - Effect of Instrument on Obligation for Which It Is Given. - (1) Unless otherwise agreed where an instrument is taken for...

3-803 - Notice to Third Party. - Where a defendant is sued for breach of an obligation...

3-804 - Lost, Destroyed or Stolen Instruments. - The owner of an instrument which is lost, whether by...

3-805 - Instruments Not Payable to Order or to Bearer. - This Article applies to any instrument whose terms do not...

Article 4 - Bank Deposits and Collections

Part 1 - General Provisions and Definitions

4-101 - Short Title. - This Article shall be known and may be cited as...

4-102 - Applicability. - (1) To the extent that items within this Article are...

4-103 - Variation by Agreement; Measure of Damage; Certain Action Constituting Ordinary Care. - (1) The effect of the provisions of this Article may...

4-104 - Definitions and Index of Definitions. - (1) In this Article unless the context otherwise requires (a)...

4-105 - "Depositary Bank"; "Intermediary Bank"; "Collecting Bank"; "Payor Bank"; "Presenting Bank"; "Remitting Bank". - (a) "Depositary bank" means the first bank to which an...

4-106 - Separate Office of a Bank. - A branch or separate office of a bank is a...

4-107 - Time of Receipt of Items. - (1) For the purpose of allowing time to process items,...

4-108 - Delays. - (1) Unless otherwise instructed, a collecting bank in a good...

4-109 - Process of Posting. - (a) verification of any signature; (b) ascertaining that sufficient funds...

Part 2 - Collection of Items: Depositary and Collecting Banks

4-201 - Presumption and Duration of Agency Status of Collecting Banks and Provisional Status of Credits; Applicability of Article; Item Indorsed "Pay Any Bank - (1) Unless a contrary intent clearly appears and prior to...

4-202 - Responsibility for Collection; When Action Seasonable. - (1) A collecting bank must use ordinary care in (a)...

4-203 - Effect of Instructions. - Subject to the provisions of Article 3 concerning conversion of...

4-204 - Methods of Sending and Presenting; Sending Direct to Payor Bank. - (1) A collecting bank must send items by reasonably prompt...

4-205 - Supplying Missing Indorsement; No Notice From Prior Indorsement. - (1) A depositary bank which has taken an item for...

4-206 - Transfer Between Banks. - Any agreed method which identifies the transferor bank is sufficient...

4-207 - Warranties of Customer and Collecting Bank on Transfer or Presentment of Items; Time for Claims. - (1) Each customer or collecting bank who obtains payment or...

4-208 - Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds. - (1) A bank has a security interest in an item...

4-209 - When Bank Gives Value for Purposes of Holder in Due Course. - Course. For purposes of determining its status as a holder...

4-210 - Presentment by Notice of Item Not Payable By, Through or at a Bank; Liability of Secondary Parties. - (1) Unless otherwise instructed, a collecting bank may present an...

4-211 - Media of Remittance; Provisional and Final Settlement in Remittance Cases. - (1) A collecting bank may take in settlement of an...

4-212 - Right of Charge-Back or Refund. - (1) If a collecting bank has made provisional settlement with...

4-213 - Final Payment of Item by Payor Bank; When Provisional Debits and Credits Become Final; When Certain Credits Become Available for Withdrawal. - (1) An item is finally paid by a payor bank...

4-214 - Insolvency and Preference. - (1) Any item in or coming into the possession of...

Part 3 - Collection of Items: Payor Banks

4-301 - Deferred Posting; Recovery of Payment by Return of Items; Time of Dishonor. - (1) Where an authorized settlement for a demand item (other...

4-302 - Payor Bank's Responsibility for Late Return of Item. - In the absence of a valid defense such as breach...

4-303 - When Items Subject to Notice, Stop-Order, Legal Process or Setoff; Order in Which Items May Be Charged or Certified. - (1) Any knowledge, notice or stop-order received by, legal process...

Part 4 - Relationship Between Payor Bank and Its Customer

4-401 - When Bank May Charge Customer's Account. - (1) As against its customer, a bank may charge against...

4-402 - Bank's Liability to Customer for Wrongful Dishonor. - A payor bank is liable to its customer for damages...

4-403 - Customer's Right to Stop Payment; Burden of Proof of Loss. - (1) A customer may by order to his bank stop...

4-404 - Bank Not Obligated to Pay Check More Than Six Months Old. - Old. A bank is under no obligation to a customer...

4-405 - Death or Incompetence of Customer. - (1) A payor or collecting bank's authority to accept, pay...

4-406 - Customer's Duty to Discover and Report Unauthorized Signature or Alteration. - (1) When a bank sends to its customer a statement...

4-407 - Payor Bank's Right to Subrogation on Improper Payment. - If a payor bank has paid an item over the...

4-408 - Rights and Liabilities of Remitter or Payee With Respect to Cashier's Check, Teller's Check and Certified Check. - (1) This section applies if a cashier's check, teller's check...

Part 5 - Collection of Documentary Drafts

4-501 - Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor. - Presentment and to Notify Customer of Dishonor. A bank which...

4-502 - Presentment of "On Arrival" Drafts. - When a draft or the relevant instructions require presentment "on...

4-503 - Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referee in Case of Need. - (a) must deliver the documents to the drawee on acceptance...

4-504 - Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses. - (1) A presenting bank which, following the dishonor of a...

Article 4-A - Funds Transfers

Part 1 - Subject Matter and Definitions

4-A-101 - Short Title. - This Article may be cited as uniform commercial code --...

4-A-102 - Subject Matter. - Except as otherwise provided in Section 4-A-108, this Article applies...

4-A-103 - Payment Order-Definitions. - (1) In this article: (a) "Payment order" means an instruction...

4-A-104 - Funds Transfer-Definitions. - (1) "Funds transfer" means the series of transactions, beginning with...

4-A-105 - Other Definitions. - (1) In this Article: (a) "Authorized account" means a deposit...

4-A-106 - Time Payment Order Is Received. - (1) The time of receipt of a payment order or...

4-A-107 - Federal Reserve Regulations and Operating Circulars. - Regulations of the Board of Governors of the Federal Reserve...

4-A-108 - Relationship to Electronic Fund Transfer Act. - (1) Except as provided in subsection (2) of this section,...

Part 2 - Issue and Acceptance of Payment Order

4-A-201 - Security Procedure. - "Security procedure" means a procedure established by agreement of a...

4-A-202 - Authorized and Verified Payment Orders. - (1) A payment order received by the receiving bank is...

4-A-203 - Unenforceability of Certain Verified Payment Orders. - (1) If an accepted payment order is not, under subsection...

4-A-204 - Refund of Payment and Duty of Customer to Report With Respect to Unauthorized Payment Order. - (1) If a receiving bank accepts a payment order issued...

4-A-205 - Erroneous Payment Orders. - (1) If an accepted payment order was transmitted pursuant to...

4-A-206 - Transmission of Payment Order Through Funds-Transfer or Other Communication System. - (1) If a payment order addressed to a receiving bank...

4-A-207 - Misdescription of Beneficiary. - (1) Subject to subsection (2), if, in a payment order...

4-A-208 - Misdescription of Intermediary Bank or Beneficiary's Bank. - (1) This subsection applies to a payment order identifying an...

4-A-209 - Acceptance of Payment Order. - (1) Subject to subsection (4), a receiving bank other than...

4-A-210 - Rejection of Payment Order. - (1) A payment order is rejected by the receiving bank...

4-A-211 - Cancellation and Amendment of Payment Order. - (1) A communication of the sender of a payment order...

4-A-212 - Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order. - Unaccepted Payment Order. If a receiving bank fails to accept...

Part 3 - Execution of Sender's Payment Order by Receiving Bank

4-A-301 - Execution and Execution Date. - (1) A payment order is "executed" by the receiving bank...

4-A-302 - Obligations of Receiving Bank in Execution of Payment Order. - (1) Except as provided in subsections (2) through (4); if...

4-A-303 - Erroneous Execution of Payment Order. - (1) A receiving bank that (i) executes the payment order...

4-A-304 - Duty of Sender to Report Erroneously Executed Payment Order. - Order. If the sender of a payment order that is...

4-A-305 - Liability for Late or Improper Execution or Failure to Execute Payment Order. - (1) If a funds transfer is completed but execution of...

Part 4 - Payment

4-A-401 - Payment Date. - "Payment date" of a payment order means the day on...

4-A-402 - Obligation of Sender to Pay Receiving Bank. - (1) This section is subject to Sections 4-A-205 and 4-A-207....

4-A-403 - Payment by Sender to Receiving Bank. - (1) Payment of the sender's obligation under Section 4-A-402 to...

4-A-404 - Obligation of Beneficiary's Bank to Pay and Give Notice to Beneficiary. - (1) Subject to subsection (5) of Section 4-A-211 and subsections...

4-A-405 - Payment by Beneficiary's Bank to Beneficiary. - (1) If the beneficiary's bank credits an account of the...

4-A-406 - Payment by Originator to Beneficiary; Discharge of Underlying Obligation. - (1) Subject to subsection (5) of Section 4-A-211 and subsections...

Part 5 - Miscellaneous Provisions

4-A-501 - Variation by Agreement and Effect of Funds-Transfer System Rule. - (1) Except as otherwise provided in this Article, the rights...

4-A-502 - Creditor Process Served on Receiving Bank; Set Off by Beneficiary's Bank. - (1) As used in this section, "creditor process" means levy,...

4-A-503 - Injunction or Restraining Order With Respect to Funds Transfer. - Transfer. For proper cause and in compliance with applicable law,...

4-A-504 - Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals From Account. - (1) If a receiving bank has received more than one...

4-A-505 - Preclusion of Objection to Debit of Customer's Account. - Account. If a receiving bank has received payment from its...

4-A-506 - Rate of Interest. - (1) If, under this Article, a receiving bank is obliged...

4-A-507 - Choice of Law. - (1) The following rules apply unless the affected parties otherwise...

Article 5 - Letters of Credit

5-101 - Short Title. - This article may be cited as "Uniform Commercial Code--Letters of...

5-102 - Definitions. - (a) In this article: (1) "Adviser" means a person who,...

5-103 - Scope. - (a) This article applies to letters of credit and to...

5-104 - Formal Requirements. - (a) by a signature, or (b) in accordance with the...

5-105 - Consideration. - Consideration is not required to issue, amend, transfer, or cancel...

5-106 - Issuance, Amendment, Cancellation, and Duration. - (a) A letter of credit is issued and becomes enforceable...

5-107 - Confirmer, Nominated Person, and Advisor. - (a) A confirmer is directly obligated on a letter of...

5-108 - Issuer's Rights and Obligations. - (a) Except as otherwise provided in section 5--109, an issuer...

5-109 - Fraud and Forgery. - (a) If a presentation is made that appears on its...

5-110 - Warranties. - (a) If its presentation is honored, the beneficiary warrants: (1)...

5-111 - Remedies. - (a) If an issuer wrongfully dishonors or repudiates its obligation...

5-112 - Transfer of Letter of Credit. - (a) Except as otherwise provided in section 5--113, unless a...

5-113 - Transfer by Operation of Law. - (a) A successor of a beneficiary may consent to amendments,...

5-114 - Assignment of Proceeds. - (a) In this section, "proceeds of a letter of credit"...

5-115 - Statute of Limitations. - An action to enforce a right or obligation arising under...

5-116 - Choice of Law and Forum. - (a) The liability of an issuer, nominated person, or adviser...

5-117 - Subrogation of Issuer, Applicant, and Nominated Person. - (a) An issuer that honors a beneficiary's presentation is subrogated...

5-118 - Security Interest of Issuer or Nominated Person. - (a) An issuer or nominated person has a security interest...

5-119 - Applicability. - This article applies to a letter of credit that is...

5-120 - Savings Clause. - A transaction arising out of or associated with a letter...

Article 7 - Documents of Title

Part 1 - General

7-101 - Short Title. - This article may be cited as Uniform Commercial Code-Documents of...

7-102 - Definitions and Index of Definitions. - (a) In this article, unless the context otherwise requires: (1)...

7-103 - Relation of Article to Treaty or Statute. - (a) This article is subject to any treaty or statute...

7-104 - Negotiable and Nonnegotiable Document of Title. - (a) Except as otherwise provided in subsection (c), a document...

7-105 - Reissuance in Alternative Medium. - (a) Upon request of a person entitled under an electronic...

7-106 - Control of Electronic Document of Title. - (a) A person has control of an electronic document of...

Part 2 - Warehouse Receipts: Special Provisions

7-201 - Person That May Issue a Warehouse Receipt; Storage Under Bond. - (a) A warehouse receipt may be issued by any warehouse....

7-202 - Form of Warehouse Receipt; Effect of Omission. - (a) A warehouse receipt need not be in any particular...

7-203 - Liability for Nonreceipt or Misdescription. - (1) the document conspicuously indicates that the issuer does not...

7-204 - Duty of Care; Contractual Limitation of Warehouse's Liability. - (a) A warehouse is liable for damages for loss of...

7-205 - Title Under Warehouse Receipt Defeated in Certain Cases. - A buyer in ordinary course of business of fungible goods...

7-206 - Termination of Storage at Warehouse's Option. - (a) A warehouse, by giving notice to the person on...

7-207 - Goods Must Be Kept Separate; Fungible Goods. - (a) Unless the warehouse receipt provides otherwise, a warehouse shall...

7-208 - Altered Warehouse Receipts. - If a blank in a negotiable tangible warehouse receipt has...

7-209 - Lien of Warehouse. - (a) A warehouse has a lien against the bailor on...

7-210 - Enforcement of Warehouse's Lien. - (a) Except as otherwise provided in subsection (b), a warehouse's...

Part 3 - Bills of Lading: Special Provisions

7-301 - Liability for Nonreceipt or Misdescription; "Said to Contain"; "Shipper's Weight, Load, and Count"; Improper Handling. - (a) A consignee of a nonnegotiable bill of lading which...

7-302 - Through Bills of Lading and Similar Documents of Title. - (a) The issuer of a through bill of lading, or...

7-303 - Diversion; Reconsignment; Change of Instructions. - (a) Unless the bill of lading otherwise provides, a carrier...

7-304 - Tangible Bills of Lading in a Set. - (a) Except as customary in international transportation, a tangible bill...

7-305 - Destination Bills. - (a) Instead of issuing a bill of lading to the...

7-306 - Altered Bills of Lading. - An unauthorized alteration or filling in of a blank in...

7-307 - Lien of Carrier. - (a) A carrier has a lien on the goods covered...

7-308 - Enforcement of Carrier's Lien. - (a) A carrier's lien on goods may be enforced by...

7-309 - Duty of Care; Contractual Limitation of Carrier's Liability. - (a) A carrier that issues a bill of lading, whether...

Part 4 - Warehouse Receipts and Bills of Lading: General Obligations

7-401 - Irregularities in Issue of Receipt or Bill or Conduct of Issuer. - (1) the document does not comply with the requirements of...

7-402 - Duplicate Document of Title; Overissue. - A duplicate or any other document of title purporting to...

7-403 - Obligation of Bailee to Deliver; Excuse. - (a) A bailee shall deliver the goods to a person...

7-404 - No Liability for Good-Faith Delivery Pursuant to Document of Title. - (1) the person from which the bailee received the goods...

Part 5 - Warehouse Receipts and Bills of Lading: Negotiation and Transfer

7-501 - Form of Negotiation and Requirements of Due Negotiation. - (a) The following rules apply to a negotiable tangible document...

7-502 - Rights Acquired by Due Negotiation. - (a) Subject to Sections 7--205 and 7--503, a holder to...

7-503 - Document of Title to Goods Defeated in Certain Cases. - (a) A document of title confers no right in goods...

7-504 - Rights Acquired in Absence of Due Negotiation; Effect of Diversion; Stoppage of Delivery. - (a) A transferee of a document of title, whether negotiable...

7-505 - Indorser Not Guarantor for Other Parties. - The indorsement of a tangible document of title issued by...

7-506 - Delivery Without Indorsement: Right to Compel Indorsement. - Indorsement. The transferee of a negotiable tangible document of title...

7-507 - Warranties on Negotiation or Delivery of Document of Title. - (1) the document is genuine; (2) the transferor does not...

7-508 - Warranties of Collecting Bank as to Documents of Title. - A collecting bank or other intermediary known to be entrusted...

7-509 - Adequate Compliance With Commercial Contract. - Whether a document of title is adequate to fulfill the...

Part 6 - Warehouse Receipts and Bills of Lading: Miscellaneous Provisions

7-601 - Lost, Stolen, or Destroyed Documents of Title. - (a) If a document of title is lost, stolen, or...

7-602 - Judicial Process Against Goods Covered by Negotiable Document of Title. - Document of Title. Unless a document of title was originally...

7-603 - Conflicting Claims; Interpleader. - If more than one person claims title to or possession...

Article 8 - Investment Securities

Part 1 - Short Title and General Matters

8-101 - Short Title. - This Article may be cited as Uniform Commercial Code--Investment Securities.

8-102 - Definitions. - (a) In this Article: (1) "Adverse claim" means a claim...

8-103 - Rules for Determining Whether Certain Obligations and Interests Are Securities or Financial Assests. - (a) A share or similar equity interest issued by a...

8-104 - Acquistion of Security or Financial Assest or Interest Therein. - (a) A person acquires a security or an interest therein,...

8-105 - Notice of Adverse Claim. - (a) A person has notice of an adverse claim if:...

8-106 - Control. - (a) A purchaser has "control" of a certificated security in...

8-107 - Whether Indorsement, Instruction, or Entitlement Order Is Effective. - (a) "Appropriate person" means: (1) with respect to an indorsement,...

8-108 - Warranties in Direct Holding. - (a) A person who transfers a certificated security to a...

8-109 - Warranties in Indirect Holding. - (a) A person who originates an entitlement order to a...

8-110 - Applicability; Choice of Law. - (a) The local law of the issuer's jurisdiction, as specified...

8-111 - Clearing Corporation Rules. - A rule adopted by a clearing corporation governing rights and...

8-112 - Creditor's Legal Process. - (a) The interest of a debtor in a certificated security...

8-113 - Statute of Frauds Generally Inapplicable. - (a) Except as provided in subsection (b), a contract or...

8-114 - Evidentiary Rules Concerning Certificated Securitites. - (1) Unless specifically denied in the pleadings, each signature on...

8-115 - Securities Intermediary and Others Not Liable to Adverse Claimant. - (1) took the action after it had been served with...

8-116 - Securities Intermediary as Purchaser for Value. - A securities intermediary that receives a financial asset and establishes...

Part 2 - Issue and Issuer

8-201 - Issuer. - (a) With respect to an obligation on or a defense...

8-202 - Issuer's Responsibility and Defenses; Notice of Defect or Defense. - (a) Even against a purchaser for value and without notice,...

8-203 - Staleness as Notice of Defect or Defense. - (1) requires the payment of money, the delivery of a...

8-204 - Effect of Issuer's Restriction on Transfer. - (1) the security is certificated and the restriction is noted...

8-205 - Effect of Unauthorized Signature on Security Certificate. - (1) an authenticating trustee, registrar, transfer agent, or other person...

8-206 - Completion or Alteration of Security Certificate. - (a) If a security certificate contains the signatures necessary to...

8-207 - Rights and Duties of Issuer With Respect to Registered Owners. - (a) Before due presentment for registration of transfer of a...

8-208 - Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent. - (a) A person signing a security certificate as authenticating trustee,...

8-209 - Issuer's Lien. - A lien in favor of an issuer upon a certificated...

8-210 - Overissue. - (a) In this section, "overissue" means the issue of securities...

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New York Laws UCC - Uniform Commercial Code

New York Laws
UCC - Uniform Commercial Code