Sec. 3.111. PLACE OF PAYMENT. Except as otherwise provided for items in Chapter 4, an instrument is payable at the place of payment stated in the instrument. If no place of payment is stated, an instrument is payable at the address of the drawee or maker stated in the instrument. If no address is stated, the place of payment is the place of business of the drawee or maker. If a drawee or maker has more than one place of business, the place of payment is any place of business of the drawee or maker chosen by the person entitled to enforce the instrument. If the drawee or maker has no place of business, the place of payment is the residence of the drawee or maker.
Amended by Acts 1995, 74th Leg., ch. 921, Sec. 1, eff. Jan. 1, 1996.
Structure Texas Statutes
Title 1 - Uniform Commercial Code
Chapter 3 - Negotiable Instruments
Subchapter A. General Provisions and Definitions
Section 3.104. Negotiable Instrument
Section 3.105. Issue of Instrument
Section 3.106. Unconditional Promise or Order
Section 3.107. Instrument Payable in Foreign Money
Section 3.108. Payable on Demand or at Definite Time
Section 3.109. Payable to Bearer or to Order
Section 3.110. Identification of Person to Whom Instrument Is Payable
Section 3.111. Place of Payment
Section 3.113. Date of Instrument
Section 3.114. Contradictory Terms of Instrument
Section 3.115. Incomplete Instrument
Section 3.116. Joint and Several Liability; Contribution
Section 3.117. Other Agreements Affecting Instrument