2006 Kentucky Revised Statutes - Article 3 Negotiable Instruments

Part 1. General Provisions and Definitions

• .101   Short title.
• .102   Subject matter.
• .103   Definitions.
• .104   Negotiable instrument.
• .105   Issue of instrument.
• .106   Unconditional promise or order.
• .107   Instrument payable in foreign money.
• .108   Payable on demand or at definite time.
• .109   Payable to bearer or order.
• .110   Identification of person to whom instrument is payable.
• .111   Place of payment.
• .112   Interest.
• .113   Date of instrument.
• .114   Contradictory terms of instrument.
• .115   Incomplete instrument.
• .116   Joint and several liability -- Contribution.
• .117   Other agreements affecting instrument.
• .118   Statute of limitations.
• .119   Notice of right to defend action.
• .120   Repealed, 1997.
• .121   Repealed, 1997.
• .122   Repealed, 1997.

Part 2. Negotiation, Transfer, and Indorsement

• .201   Negotiation.
• .202   Negotiation subject to rescission.
• .203   Transfer of instrument -- Rights acquired by transfer.
• .204   Indorsement.
• .205   Special indorsement -- Blank indorsement -- Anomalous indorsement.
• .206   Restrictive indorsement.
• .207   Reacquisition.
• .208   Repealed, 1997.

Part 3. Enforcement of Instruments

• .301   Person entitled to enforce instrument.
• .302   Holder in due course.
• .303   Value and consideration.
• .304   Overdue instrument.
• .305   Defenses and claims in recoupment.
• .306   Claims to an instrument.
• .307   Notice of breach of fiduciary duty.
• .308   Proof of signatures and status as holder in due course.
• .309   Enforcement of lost, destroyed, or stolen instrument.
• .310   Effect of instrument on obligation for which taken.
• .311   Accord and satisfaction by use of instrument.
• .312   Lost, destroyed, or stolen cashier's check, teller's check, or certified check.

Part 4. Liability of Parties

• .401   Signature.
• .402   Signature by representative.
• .403   Unauthorized signature.
• .404   Impostors -- Fictitious payees.
• .405   Employer's responsibility for fraudulent indorsement by employee.
• .406   Negligence contributing to forged signature or alteration of instrument.
• .407   Alteration.
• .408   Drawee not liable on unaccepted draft.
• .409   Acceptance of draft -- Certified check.
• .410   Acceptance varying draft.
• .411   Refusal to pay cashier's checks, teller's checks, and certified checks.
• .412   Obligation of issuer of note or cashier's check.
• .413   Obligation of acceptor.
• .414   Obligation of drawer.
• .415   Obligation of indorser.
• .416   Transfer warranties.
• .417   Presentment warranties.
• .418   Payment or acceptance by mistake.
• .419   Instruments signed for accommodation.
• .420   Conversion of instrument.

Part 5. Dishonor

• .501   Presentment.
• .502   Dishonor.
• .503   Notice of dishonor.
• .504   Excused presentment and notice of dishonor.
• .505   Evidence of dishonor.
• .506   Repealed, 1997.
• .507   Repealed, 1997.
• .508   Repealed, 1997.
• .509   Repealed, 1997.
• .510   Repealed, 1997.
• .511   Repealed, 1997.

Part 6. Discharge and Payment

• .601   Discharge and effect of dishonor.
• .602   Payment.
• .603   Tender of payment.
• .604   Discharge by cancellation or renunciation.
• .605   Discharge of secondary obligors.
• .606   Repealed, 1997.

Part 7. Advice of International Sight Draft

• .701   Repealed, 1998, retroactive to January 1, 1997.

Part 8. Miscellaneous

• .801   Repealed, 1998, retroactive to January 1, 1997.
• .802   Repealed, 1998, retroactive to January 1, 1997.
• .803   Repealed, 1998, retroactive to January 1, 1997.
• .804   Repealed, 1998, retroactive to January 1, 1997.
• .805   Repealed, 1998, retroactive to January 1, 1997.