New York Laws
UCC - Uniform Commercial Code
Article 3 - Commercial Paper

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...

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New York Laws UCC - Uniform Commercial Code Article 3 - Commercial Paper

New York Laws
UCC - Uniform Commercial Code
Article 3 - Commercial Paper