There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Article 3 Negotiable Instruments
355.3.108 Payable on demand or at definite time.
Download pdftime or times readily ascertainable at the time the promise or order is issued, subject
to rights of:
(a) Prepayment;
(b) Acceleration;
(c) Extension at the option of the holder; or
(d) Extension to a further definite time at the option of the maker or acceptor or automatically upon or after a specified act or event. (3) If an instrument, payable at a fixed date, is also payable upon demand made before the fixed date, the instrument is payable on demand until the fixed date and, if
demand for payment is not made before that date, becomes payable at a definite
time on the fixed date. Effective: January 1, 1997
History: Repealed and reenacted 1996 Ky. Acts ch. 130, sec. 8, effective January 1, 1997. -- Created 1958 Ky. Acts ch. 77, sec. 3-107, effective July 1, 1960.
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