South Carolina Code of Laws
Title 36 - Commercial Code
Chapter 3 - Commercial Code - Negotiable Instruments

Section 36-3-120 to 36-3-122. Omitted by 2008 Act No. 204, Section 2, eff July 1, 2008. - Editor's Note Former Section 36-3-120 was entitled "Instruments 'payable through'...

Section 36-3-201. Negotiation. - (a) "Negotiation" means a transfer of possession, whether voluntary or...

Section 36-3-202. Negotiation subject to rescission. - (a) Negotiation is effective even if obtained (i) from an...

Section 36-3-203. Transfer of instrument; rights acquired by transfer. - (a) An instrument is transferred when it is delivered by...

Section 36-3-204. Indorsement. - (a) "Indorsement" means a signature, other than that of a...

Section 36-3-205. Special indorsement; blank indorsement; anomalous indorsement. - (a) If an indorsement is made by the holder of...

Section 36-3-206. Restrictive endorsements. - (a) An indorsement limiting payment to a particular person or...

Section 36-3-207. Reacquisition. - Reacquisition of an instrument occurs if it is transferred to...

Section 36-3-208. Omitted by 2008 Act No. 204, Section 2, eff July 1, 2008. - Editor's Note Former Section 36-3-208 was entitled "Reacquisition" and was...

Section 36-3-301. Person entitled to enforce instrument. - "Person entitled to enforce" an instrument means (i) the holder...

Section 36-3-302. Holder in due course. - (a) Subject to Subsection (c) and Section 36-3-106(d), "holder in...

Section 36-3-303. Value and consideration. - (a) An instrument is issued or transferred for value if:...

Section 36-3-304. Overdue instrument. - (a) An instrument payable on demand becomes overdue at the...

Section 36-3-305. Defenses and claims in recoupment. - (a) Except as otherwise provided in this section, the right...

Section 36-3-306. Claims to instrument. - A person taking an instrument, other than a person having...

Section 36-3-307. Notice of breach of fiduciary duty. - (a) In this section: (1) "Fiduciary" means an agent, trustee,...

Section 36-3-308. Proof of signatures and status as holder in due course. - (a) In an action with respect to an instrument, the...

Section 36-3-309. Enforcement of lost, destroyed, or stolen instrument. - (a) A person not in possession of an instrument is...

Section 36-3-310. Effect on obligation when instrument taken. - (a) Unless otherwise agreed, if a certified check, cashier's check,...

Section 36-3-311. Accord and satisfaction by use of instrument. - (a) If a person against whom a claim is asserted...

Section 36-3-312. Lost, destroyed, or stolen cashier's check, teller's check, or certified check. - (a) In this section: (1) "Check" means a cashier's check,...

Section 36-3-401. Signature. - (a) A person is not liable on an instrument unless...

Section 36-3-402. Signature by representative. - (a) If a person acting, or purporting to act, as...

Section 36-3-403. Unauthorized signature. - (a) Unless otherwise provided in this chapter or Chapter 4,...

Section 36-3-404. Imposters; fictitious payees. - (a) If an impostor, by use of the mails or...

Section 36-3-405. Employer's responsibility for fraudulent indorsement by employee. - (a) In this section: (1) "Employee" includes an independent contractor...

Section 36-3-406. Negligence contributing to forged signature or alteration of instrument. - (a) A person whose failure to exercise ordinary care substantially...

Section 36-3-407. Alteration. - (a) "Alteration" means (i) an unauthorized change in an instrument...

Section 36-3-408. Drawee not liable on unaccepted draft. - A check or other draft does not of itself operate...

Section 36-3-409. Acceptance of draft; certified check. - (a) "Acceptance" means the drawee's signed agreement to pay a...

Section 36-3-410. Acceptance varying draft. - (a) If the terms of a drawee's acceptance vary from...

Section 36-3-411. Refusal to pay cashier's check, teller's check, and certified check. - (a) In this section, "obligated bank" means the acceptor of...

Section 36-3-412. Obligation of issuer of note or cashier's check. - The issuer of a note or cashier's check or other...

Section 36-3-413. Obligation of acceptor. - (a) The acceptor of a draft is obliged to pay...

Section 36-3-414. Obligation of drawer. - (a) This section does not apply to cashier's checks or...

Section 36-3-415. Obligation of indorser. - (a) Subject to Subsections (b), (c), (d), (e) and to...

Section 36-3-416. Transfer warranties. - (a) A person who transfers an instrument for consideration warrants...

Section 36-3-417. Presentment warranties. - (a) If an unaccepted draft is presented to the drawee...

Section 36-3-418. Payment for acceptance by mistake. - (a) Except as provided in Subsection (c), if the drawee...

Section 36-3-419. Instrument signed for accommodation. - (a) If an instrument is issued for value given for...

Section 36-3-420. Conversion of instrument. - (a) The law applicable to conversion of personal property applies...

Section 36-3-501. Presentment. - (a) "Presentment" means a demand made by or on behalf...

Section 36-3-502. Dishonor. - (a) Dishonor of a note is governed by the following...

Section 36-3-503. Notice of dishonor. - (a) The obligation of an indorser stated in Section 36-3-415(a)...

Section 36-3-504. Excused presentment and notice of dishonor. - (a) Presentment for payment or acceptance of an instrument is...

Section 36-3-505. Evidence of dishonor. - (a) The following are admissible as evidence and create a...

Section 36-3-506 to 36-3-511. Omitted by 2008 Act No. 204, Section 2, eff July 1, 2008. - Editor's Note Former Section 36-3-506 was entitled "Time allowed for...

Section 36-3-601. Discharge and effect of discharge. - (a) The obligation of a party to pay the instrument...

Section 36-3-602. Payment. - (a) Subject to Subsection (e), an instrument is paid to...

Section 36-3-603. Tender of payment. - (a) If tender of payment of an obligation to pay...

Section 36-3-604. Discharge by cancellation or renunciation. - (a) A person entitled to enforce an instrument, with or...

Section 36-3-605. Discharge of secondary obligors. - (a) If a person entitled to enforce an instrument releases...

Section 36-3-606. Omitted by 2008 Act 204, Section 2, eff July 1, 2008. - Editor's Note Former Section 36-3-606 was entitled "Impairment of recourse...

Section 36-3-701. Omitted by 2008 Act No. 204, Section 2, eff July 1, 2008. - Editor's Note Former Section 36-3-701 was entitled "Letter of advice...

Section 36-3-801 to 36-3-805. Omitted by 2008 Act No. 204, Section 2, eff July 1, 2008. - Editor's Note Former Section 36-3-801 was entitled "Drafts in a...

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South Carolina Code of Laws Title 36 - Commercial Code Chapter 3 - Commercial Code - Negotiable Instruments

South Carolina Code of Laws
Title 36 - Commercial Code
Chapter 3 - Commercial Code - Negotiable Instruments