There is a newer version of the Massachusetts General Laws
2006 Massachusetts Code - ARTICLE 3. — NEGOTIABLE INSTRUMENTS.
- Chapter 106 — Section 1--101. Short Title.
- Chapter 106 — Section 1--102. Purposes; Rules of Construction; Variation by Agreement.
- Chapter 106 — Section 1--103. Supplementary General Principles of Law Applicable.
- Chapter 106 — Section 1--104. Construction Against Implicit Repeal.
- Section 1--105. Territorial Application of Chapter; Parties'Power To Choose Applicable Law.
- Chapter 106 — Section 1--106. Remedies To Be Liberally Administered.
- Chapter 106 — Section 1--107. Waiver or Renunciation of Claim or Right After Breach.
- Chapter 106 — Section 1--108. Severability.
- Section 1--201. General Definitions.
- Chapter 106 — Section 1--202. Prima Facie Evidence by Third Party Documents.
- Chapter 106 — Section 1--203. Obligation of Good Faith.
- Chapter 106 — Section 1--204. Time; Reasonable Time; "Seasonably".
- Chapter 106 — Section 1--205. Course of Dealing and Usage of Trade.
- Chapter 106 — Section 1--206. Statute of Frauds for Kinds of Personal Property Not Otherwise Covered.
- Chapter 106 — Section 1--207. Performance or Acceptance Under Reservation ofRights.
- Chapter 106 — Section 1--208. Option to Accelerate at Will.
- Chapter 106 — Section 1--209. Subordinated Obligations.
- Chapter 106 — Section 2--101. Short Title.
- Chapter 106 — Section 2--102. Scope; Certain Security and Other Transactions Excluded from this Article.
- Section 2--103. Definitions and Index of Definitions.
- Chapter 106 — Section 2--104. Definitions: "Merchant"; "Between Merchants"; "Financing Agency".
- Chapter 106 — Section 2--105. Definitions; Transferability; "Goods"; "Future" Goods; "Lot"; "CommercialUnit".
- Chapter 106 — Section 2--106. Definitions: "Contract"; "Agreement"; "Contract for Sale"; "Sale";"Present Sale"; "Conforming" to Contract; "Termination"; "Cancellation".
- Chapter 106 — Section 2--107. Goods to be Severed From Realty; Recording.
- Chapter 106 — Section 2--201. Formal Requirements: Statute of Frauds.
- Chapter 106 — Section 2--202. Final Written Expression: Parol or Extrinsic Evidence.
- Chapter 106 — Section 2--203. Seals Inoperative.
- Chapter 106 — Section 2--204. Formation in General.
- Chapter 106 — Section 2--205. Firm Offers.
- Chapter 106 — Section 2--206. Offer and Acceptance in Formation of Contract.
- Chapter 106 — Section 2--207. Additional Terms in Acceptance or Confirmation.
- Chapter 106 — Section 2--208. Course of Performance or Practical Construction.
- Chapter 106 — Section 2--209. Modification, Rescission and Waiver.
- Chapter 106 — Section 2--210. Delegation of Performance; Assignment of Rights.
- Chapter 106 — Section 2--301. General Obligations of Parties.
- Chapter 106 — Section 2--302. Unconscionable Contract or Clause.
- Chapter 106 — Section 2--303. Allocation or Division of Risks.
- Chapter 106 — Section 2--304. Price Payable in Money, Goods, Realty, or Otherwise.
- Chapter 106 — Section 2--305. Open Price Term.
- Chapter 106 — Section 2--306. Output, Requirements and Exclusive Dealings.
- Chapter 106 — Section 2--307. Delivery in Single Lot or Several Lots.
- Chapter 106 — Section 2--308. Absence of Specified Place for Delivery.
- Chapter 106 — Section 2--309. Absence of Specific Time Provisions; Notice of Termination.
- Chapter 106 — Section 2--310. Open Time for Payment or Running of Credit; Authority to Ship underReservation.
- Chapter 106 — Section 2--311. Options and Co-operation Respecting Performance.
- Chapter 106 — Section 2--312. Warranty of Title and Against Infringement; Buyer's Obligation AgainstInfringement.
- Chapter 106 — Section 2--313. Express Warranties by Affirmation, Promise, Description, Sample.
- Chapter 106 — Section 2--314. Implied Warranty: Merchantability; Usage of Trade.
- Chapter 106 — Section 2--315. Implied Warranty: Fitness for Particular Purpose.
- Chapter 106 — Section 2--316. Exclusion or Modification of Warranties.
- Chapter 106 — Section 2--316A. Limitation on Exclusion or Modification ofWarranties.
- Chapter 106 — Section 2--317. Cumulation and Conflict of Warranties Express or Implied.
- Chapter 106 — Section 2--318. Lack of Privity in Actions Against a Manufacturer, Seller, Lessor orSupplier of Goods.
- Chapter 106 — Section 2--319. F.O.B. and F.A.S. Terms.
- Chapter 106 — Section 2--320. C.I.F. and C. & F. Terms.
- Chapter 106 — Section 2--321. C.I.F. or C. & F.: "Net Landed Weights"; "Payment on Arrival"; Warranty ofCondition on Arrival.
- Chapter 106 — Section 2--322. Delivery "Ex-Ship".
- Chapter 106 — Section 2--323. Form of Bill of Lading required in Overseas Shipment; "Overseas".
- Chapter 106 — Section 2--324. "No Arrival, No Sale" Term.
- Chapter 106 — Section 2--325. "Letter of Credit" Term; "Confirmed Credit".
- Chapter 106 — Section 2--326. Sale on Approval and Sale or Return; Consignment Sales and Rights ofCreditors.
- Chapter 106 — Section 2--327. Special Incidents of Sale on Approval and Sale or Return.
- Chapter 106 — Section 2--328. Sale by Auction.
- Chapter 106 — Section 2--401. Passing of Title; Reservation for Security; LimitedApplication of thisSection.
- Chapter 106 — Section 2--402. Rights of Seller's Creditors against Sold Goods.
- Chapter 106 — Section 2--403. Power to Transfer; Good Faith Purchase of Goods; "Entrusting".
- Chapter 106 — Section 2--501. Insurable Interest in Goods; Manner of Identification of Goods.
- Chapter 106 — Section 2--502. Buyer's Rights to Goods on Seller's Insolvency.
- Chapter 106 — Section 2--503. Manner of Seller's Tender of Delivery.
- Chapter 106 — Section 2--504. Shipment by Seller.
- Chapter 106 — Section 2--505. Seller's Shipment under Reservation.
- Chapter 106 — Section 2--506. Rights of Financing Agency.
- Chapter 106 — Section 2--507. Effect of Seller's Tender; Delivery on Condition.
- Chapter 106 — Section 2--508. Cure by Seller of Improper Tender or Delivery; Replacement.
- Chapter 106 — Section 2--509. Risk of Loss in the Absence of Breach.
- Chapter 106 — Section 2--510. Effect of Breach on Risk of Loss.
- Section 2--511. Tender of Payment by Buyer; Payment by Check.
- Section 2--512. Payment by Buyer before Inspection.
- Chapter 106 — Section 2--513. Buyer's Right to Inspection of Goods.
- Chapter 106 — Section 2--514. When Documents Deliverable on Acceptance; When on Payment.
- Chapter 106 — Section 2--515. Preserving Evidence of Goods in Dispute.
- Chapter 106 — Section 2--601. Buyer's Rights on Improper Delivery.
- Chapter 106 — Section 2--602. Manner and Effect of Rightful Rejection.
- Chapter 106 — Section 2--603. Merchant Buyer's Duties as to Rightfully Rejected Goods.
- Chapter 106 — Section 2--604. Buyer's Options as to Salvage of Rightfully Rejected Goods.
- Chapter 106 — Section 2--605. Waiver of Buyer's Objections by Failure to Particularize.
- Chapter 106 — Section 2--606. What Constitutes Acceptance of Goods.
- Chapter 106 — Section 2--607. Effect of Acceptance; Notice of Breach; Burden of Establishing Breachafter Acceptance; Notice of Claim or Litigation to Person Answerable Over.
- Chapter 106 — Section 2--608. Revocation of Acceptance in Whole or in Part.
- Chapter 106 — Section 2--609. Right to Adequate Assurance of Performance.
- Chapter 106 — Section 2--610. Anticipatory Repudiation.
- Chapter 106 — Section 2--611. Retraction of Anticipatory Repudiation.
- Chapter 106 — Section 2--612. "Installment Contract"; Breach.
- Chapter 106 — Section 2--613. Casualty to Identified Goods.
- Chapter 106 — Section 2--614. Substituted Performance.
- Chapter 106 — Section 2--615. Excuse by Failure of Presupposed Conditions.
- Chapter 106 — Section 2--616. Procedure on Notice Claiming Excuse.
- Chapter 106 — Section 2--701. Remedies for Breach of Collateral Contracts Not Impaired.
- Chapter 106 — Section 2--702. Seller's Remedies on Discovery of Buyer's Insolvency.
- Chapter 106 — Section 2--703. Seller's Remedies in General.
- Chapter 106 — Section 2--704. Seller's Right to Identify Goods to the Contract Notwithstanding Breach orto Salvage Unfinished Goods.
- Chapter 106 — Section 2--705. Seller's Stoppage of Delivery in Transit or Otherwise.
- Chapter 106 — Section 2--706. Seller's Resale Including Contract for Resale.
- Chapter 106 — Section 2--707. "Person in the Position of a Seller".
- Chapter 106 — Section 2--708. Seller's Damages for Non-acceptance or Repudiation.
- Chapter 106 — Section 2--709. Action for the Price.
- Chapter 106 — Section 2--710. Seller's Incidental Damages.
- Chapter 106 — Section 2--711. Buyer's Remedies in General; Buyer's Security Interest in Rejected Goods.
- Chapter 106 — Section 2--712. "Cover"; Buyer's Procurement of Substitute Goods.
- Chapter 106 — Section 2--713. Buyer's Damages for Non-Delivery or Repudiation.
- Chapter 106 — Section 2--714. Buyer's Damages for Breach in Regard to Accepted Goods.
- Chapter 106 — Section 2--715. Buyer's Incidental and Consequential Damages.
- Chapter 106 — Section 2--716. Buyer's Right to Specific Performance or Replevin.
- Chapter 106 — Section 2--717. Deduction of Damages from Price.
- Chapter 106 — Section 2--718. Liquidation or Limitation of Damages; Deposits.
- Chapter 106 — Section 2--719. Contractual Modification or Limitation of Remedy.
- Chapter 106 — Section 2--720. Effect of "Cancellation" or "Rescission" on Claims for Antecedent Breach.
- Chapter 106 — Section 2--721. Remedies for Fraud.
- Chapter 106 — Section 2--722. Who Can Sue Third Parties for Injury to Goods.
- Chapter 106 — Section 2--723. Proof of Market Price: Time and Place.
- Chapter 106 — Section 2--724. Admissibility of Market Quotations.
- Chapter 106 — Section 2--725. Statute of Limitations in Contracts for Sale.
- Chapter 106 — Section 2A--101. Short Title.
- Chapter 106 — Section 2A--102. Scope.
- Chapter 106 — Section 2A--103. Definitions and Index of Definitions.
- Chapter 106 — Section 2A--104. Leases Subject to Other Law.
- Chapter 106 — Section 2A--105. Territorial Application of Article to GoodsCovered by Certificate of Title.
- Chapter 106 — Section 2A--106. Limitation on Power of Parties to Consumer Leaseto Choose Applicable Law and Judicial Forum.
- Chapter 106 — Section 2A--107. Waiver or Renunciation of Claim or Right AfterDefault.
- Chapter 106 — Section 2A--108. Unconscionability.
- Chapter 106 — Section 2A--109. Option to Accelerate at Will.
- Chapter 106 — Section 2A--201. Statute of Frauds.
- Chapter 106 — Section 2A--202. Final Written Expression: Parol or ExtrinsicEvidence.
- Chapter 106 — Section 2A--203. Seals Inoperative.
- Chapter 106 — Section 2A--204. Formation in General.
- Chapter 106 — Section 2A--205. Firm Offers.
- Chapter 106 — Section 2A--206. Offer and Acceptance in Formation of LeaseContract.
- Chapter 106 — Section 2A--207. Course of Performance or PracticalConstruction.
- Chapter 106 — Section 2A--208. Modification, Rescission and Waiver.
- Chapter 106 — Section 2A--209. Lessee Under Finance Lease as Beneficiary ofSupply Contract.
- Chapter 106 — Section 2A--210. Express Warranties.
- Chapter 106 — Section 2A--211. Warranties Against Interference and AgainstInfringement; Lessee's Obligation Against Infringement.
- Chapter 106 — Section 2A--212. Implied Warranty of Merchantability.
- Chapter 106 — Section 2A--213. Implied Warranty of Fitness for ParticularPurpose.
- Chapter 106 — Section 2A--214. Exclusion or Modification of Warranties.
- Chapter 106 — Section 2A--214A. Limitation on Exclusion or Modification ofWarranties.
- Chapter 106 — Section 2A--215. Cumulation and Conflict of Warranties Express orImplied.
- Chapter 106 — Section 2A--216. Lack of Privity in Actions Against a Manufacturer,Supplier or Lessor of Goods.
- Chapter 106 — Section 2A--217. Identification.
- Chapter 106 — Section 2A--218. Insurance and Proceeds.
- Chapter 106 — Section 2A--219. Risk of Loss.
- Chapter 106 — Section 2A--220. Effect of Default on Risk of Loss.
- Chapter 106 — Section 2A--221. Casualty to Identified Goods.
- Chapter 106 — Section 2A--301. Enforceability of Lease Contract.
- Chapter 106 — Section 2A--302. Title To and Possession of Goods.
- Chapter 106 — Section 2A--303. Alienability of Party's Interest Under LeaseContract or of Lessor's Residual Interest in Goods; Delegation of Performance;Transfer of Rights.
- Chapter 106 — Section 2A--304. Subsequent Lease of Goods by Lessor.
- Chapter 106 — Section 2A--305. Sale or Sublease of Goods by Lessee.
- Chapter 106 — Section 2A--306. Priority of Certain Liens Arising by Operation ofLaw.
- Chapter 106 — Section 2A--307. Priority of Liens Arising by Attachment or LevyOn, Security Interests In, and Other Claims to Goods.
- Chapter 106 — Section 2A--308. Special Rights of Creditors.
- Chapter 106 — Section 2A--309. Lessor's and Lessee's Rights When Goods BecomeFixtures.
- Chapter 106 — Section 2A--310. Lessor's and Lessee's Rights When Goods BecomeAccessions.
- Chapter 106 — Section 2A--311. Priority Subject to Subordination.
- Chapter 106 — Section 2A--401. Insecurity: Adequate Assurance ofPerformance.
- Chapter 106 — Section 2A--402. Anticipatory Repudiation.
- Chapter 106 — Section 2A--403. Retraction of Anticipatory Repudiation.
- Chapter 106 — Section 2A--404. Substituted Performance.
- Chapter 106 — Section 2A--405. Excused Performance.
- Chapter 106 — Section 2A--406. Procedure on Excused Performance.
- Chapter 106 — Section 2A--407. Irrevocable Promises; Finance Leases.
- Chapter 106 — Section 2A--501. Default; Procedure.
- Chapter 106 — Section 2A--502. Notice After Default.
- Chapter 106 — Section 2A--503. Modification of Impairment of Rights andRemedies.
- Chapter 106 — Section 2A--504. Liquidation of Damages.
- Chapter 106 — Section 2A--505. Cancellation and Termination and Effect ofCancellation, Termination, Rescission, or Fraud on Rights and Remedies.
- Chapter 106 — Section 2A--506. Statute of Limitations.
- Chapter 106 — Section 2A--507. Proof of Market Rent; Time and Place.
- Chapter 106 — Section 2A--508. Lessee's Remedies.
- Chapter 106 — Section 2A--509. Lessee's Rights on Improper Delivery; RightfulRejection.
- Chapter 106 — Section 2A--510. Installment Lease Contracts: Rejection and Default.
- Chapter 106 — Section 2A--511. Merchant Lessee's Duties as to Rightfully RejectedGoods.
- Chapter 106 — Section 2A--512. Lessee's Duties as to Rightfully RejectedGoods.
- Chapter 106 — Section 2A--513. Cure by Lessor of Improper Tender or Delivery;Replacement.
- Chapter 106 — Section 2A--514. Waiver of Lessee's Objections.
- Chapter 106 — Section 2A--515. Acceptance of Goods.
- Chapter 106 — Section 2A--516. Effect of Acceptance of Goods; Notice of Default;Burden of Establishing Default After Acceptance; Notice of Claim or Litigationto Person Answerable Over.
- Chapter 106 — Section 2A--517. Revocation of Acceptance of Goods.
- Chapter 106 — Section 2A--518. Cover; Substitute Goods.
- Chapter 106 — Section 2A--519. Lessee's Damages for Non-delivery, Repudiation,Default, and Breach of Warranty in Regard to Accepted Goods.
- Chapter 106 — Section 2A--520. Lessee's Incidental and Consequential Damages.
- Chapter 106 — Section 2A--521. Lessee's Right to Specific Performance ofReplevin.
- Chapter 106 — Section 2A--522. Lessee's Right to Goods on Lessor'sInsolvency.
- Chapter 106 — Section 2A--523. Lessor's Remedies.
- Chapter 106 — Section 2A--524. Lessor's Right to Identify Goods to LeaseContract.
- Chapter 106 — Section 2A--525. Lessor's Right to Possession of Goods.
- Chapter 106 — Section 2A--526. Lessor's Stoppage of Delivery in Transit orOtherwise.
- Chapter 106 — Section 2A--527. Lessor's Rights to Dispose of Goods.
- Chapter 106 — Section 2A--528. Lessor's Damages for Nonacceptance, Failure toPay, Repudiation, or Other Default.
- Chapter 106 — Section 2A--529. Lessor's Action for the Rent.
- Chapter 106 — Section 2A--530. Lessor's Incidental Damages.
- Chapter 106 — Section 2A--531. Standing to Sue Third Parties for Injury toGoods.
- Chapter 106 — Section 2A--532. Lessor's Rights to Residual Interest.
- Section 3--101. Short Title.
- Section 3--102. Subject Matter.
- Section 3--103. 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 isPayable.
- Section 3--111. Place of Payment.
- Section 3--112. Interest.
- 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.
- Section 3--118. Statute of Limitations.
- Section 3--119. Notice of Right to Defend Action.
- Section 3--120. Repealed — 1998, 24, Sec. 8.
- Section 3--121. Repealed — 1998, 24, Sec. 8.
- Section 3--122. Repealed — 1998, 24, Sec. 8.
- Section 3--201. Negotiation.
- Section 3--202. Negotiation Subject to Rescission.
- Section 3--203. Transfer of Instrument; Rights Acquired byTransfer.
- Section 3--204. Indorsement.
- Section 3--205. Special Indorsement; Blank Indorsement; AnomalousIndorsement.
- Section 3--206. Restrictive Indorsement.
- Section 3--207. Reacquisition.
- Section 3--208. Repealed — 1998, 24, Sec. 8.
- Section 3--301. Person Entitled to Enforce Instrument.
- Section 3--302. Holder in Due Course.
- Section 3--303. Value and Consideration.
- Section 3--304. Overdue Instrument.
- Section 3--305. Defenses and Claims in Recoupment.
- Section 3--306. Claims to an Instrument.
- Section 3--307. Notice of Breach of Fiduciary Duty.
- Section 3--308. Proof of Signatures and Status as Holder in DueCourse.
- Section 3--309. Enforcement of Lost — Destroyed, or StolenInstrument.
- Section 3--310. Effect of Instrument on Obligation for whichTaken.
- Section 3--311. Accord and Satisfaction by Use of Instrument.
- Section 3--312. Lost — Destroyed, or Stolen Cashier's Check,Teller'sCheck, or Certified Check.
- Section 3--401. Signature.
- Section 3--402. Signature by Representative.
- Section 3--403. Unauthorized Signature.
- Section 3--404. Impostors; Fictitious Payees.
- Section 3--405. Employer's Responsibility for FraudulentIndorsement by Employee.
- Section 3--406. Negligence Contributing to Forged Signature orAlteration of Instrument.
- Section 3--407. Alteration.
- Section 3--408. Drawee not Liable on Unaccepted Draft.
- Section 3--409. Acceptance of Draft; Certified Check.
- Section 3--410. Acceptance Varying Draft.
- Section 3--411. Refusal to Pay Cashier's Checks — Teller's Checks,and Certified Checks.
- Section 3--412. Obligation of Issuer of Note or Cashier'sCheck.
- Section 3--413. Obligation of Acceptor.
- Section 3--414. Obligation of Drawer.
- Section 3--415. Obligation of Indorser.
- Section 3--416. Transfer Warranties.
- Section 3--417. Presentment Warranties.
- Section 3--418. Payment or Acceptance by Mistake.
- Section 3--419. Instruments Signed for Accommodation.
- Section 3--420. Conversion of Instrument.
- Section 3--501. Presentment.
- Section 3--502. Dishonor.
- Section 3--503. Notice of Dishonor.
- Section 3--504. Excused Presentment and Notice of Dishonor.
- Section 3--505. Evidence of Dishonor.
- Section 3--506. Repealed — 1998, 24, Sec. 8.
- Section 3--507. Repealed — 1998, 24, Sec. 8.
- Section 3--508. Repealed — 1998, 24, Sec. 8.
- Section 3--509. Repealed — 1998, 24, Sec. 8.
- Section 3--510. Repealed — 1998, 24, Sec. 8.
- Section 3--511. Repealed — 1998, 24, Sec. 8.
- Section 3--601. Discharge and Effect of Discharge.
- Section 3--602. Payment.
- Section 3--603. Tender of Payment.
- Section 3--604. Discharge by Cancellation or Renunciation.
- Section 3--605. Discharge of Indorsers and AccommodationParties.
- Section 3--606. Repealed — 1998, 24, Sec. 8.
- Section 3--701. Repealed — 1998, 24, Sec. 8.
- Section 4--101. Short Title.
- Section 4--102. Applicability.
- Section 4--103. Variation by Agreement; Measure of Damages; ActionConstituting Ordinary Care.
- Section 4--104. Definitions and Index of Definitions.
- Section 4--105. Bank; Depositary Bank; Payor Bank; IntermediaryBank; Collecting Bank; Presenting Bank.
- Section 4--106. Payable Through or Payable at Bank; CollectingBank.
- Section 4--107. Separate Office of Bank.
- Section 4--108. Time of Receipt of Items.
- Section 4--109. Delays.
- Section 4--110. Electronic Presentment.
- Section 4--111. Statute of Limitations.
- Section 4--201. Status of Collecting Bank as Agent and ProvisionalStatus of Credits; Applicability of Article; Item Indorsed Pay any Bank.
- Section 4--202. Responsibility for Collection or Return; whenAction Timely.
- Section 4--203. Effect of Instructions.
- Section 4--204. Methods of Sending and Presenting; Sending Directlyto Payor Bank.
- Section 4--205. Depositary Bank Holder of Unindorsed Item.
- Section 4--206. Transfer Between Banks.
- Section 4--207. Transfer Warranties.
- Section 4--208. Presentment Warranties.
- Section 4--209. Encoding and Retention Warranties.
- Section 4--210. Security Interest of Collecting Bank in Items,Accompanying Documents and Proceeds.
- Section 4--211. When Bank Gives Value for Purposes of Holder in DueCourse.
- Section 4--212. Presentment by Notice of Item not Payable by,through — or at Bank; Liability of Drawer or Indorser.
- Section 4--213. Medium and Time of Settlement by Bank.
- Section 4--214. Right of Charge-Back or Refund; Liability ofCollecting Bank; Return of Item.
- Section 4--215. Final Payment of Item by Payor Bank; WhenProvisional Debits and Credits Become Final; When Certain Credits BecomeAvailable for Withdrawal.
- Section 4--216. Insolvency and Preference.
- Section 4--301. Deferred Posting; Recovery of Payment by Return ofItems; Time of Dishonor; Return of Items by Payor Bank.
- Section 4--302. Payor Bank's Responsibility for Late Return ofItem.
- Section 4--303. When Items Subject to Notice — Stop-Payment Order,Legal Process, or Setoff; Order in Which Items may be Charge of Certified.
- Section 4--401. When Bank may Charge Customer's Account.
- Section 4--402. Bank's Liability to Customer for Wrongful Dishonor;Time of Determining Insufficiency of Account.
- Section 4--403. Customer's Right to Stop Payment; Burden of Proofof Loss.
- Section 4--404. Bank not Obliged to Pay Check More Than Six MonthsOld.
- Section 4--405. Death or Incompetence of Customer.
- Section 4--406. Customer's Duty to Discover and Report UnauthorizedSignature or Alteration.
- Section 4--407. Payor Bank's Right to Subrogation on ImproperPayment.
- Section 4--501. Handling of Documentary Drafts; Duty to Send forPresentment and to Notify Customer of Dishonor.
- Section 4--502. Presentment of "On Arrival" Drafts.
- Section 4--503. Responsibility of Presenting Bank for Documents andGoods; Report of Reasons for Dishonor; Referee in Case of Need.
- Section 4--504. Privilege of Presenting Bank to Deal with Goods;Security Interest for Expenses.
- Chapter 106 — Section 4A--101. Short Title.
- Chapter 106 — Section 4A--102. Subject Matter.
- Chapter 106 — Section 4A--103. Payment Order -- Definitions.
- Chapter 106 — Section 4A--104. Funds Transfer -- Definitions.
- Chapter 106 — Section 4A--105. Other Definitions.
- Chapter 106 — Section 4A--106. Time Payment Order Is Received.
- Chapter 106 — Section 4A--107. Federal Reserve Regulations and OperatingCirculars.
- Chapter 106 — Section 4A--108. Exclusion of Consumer TransactionsGoverned by Federal Law.
- Chapter 106 — Section 4A--201. Security Procedure.
- Chapter 106 — Section 4A--202. Authorized and Verified Payment Orders.
- Chapter 106 — Section 4A--203. Unenforceability of CertainVerified Payment Orders.
- Chapter 106 — Section 4A--204. Refund of Payment and Duty of Customer toReport with Respect to Unauthorized Payment Order.
- Chapter 106 — Section 4A--205. Erroneous Payment Orders.
- Chapter 106 — Section 4A--206. Transmission of Payment Order ThroughFunds Transfer or Other Communication System.
- Chapter 106 — Section 4A--207. Misdescription of Beneficiary.
- Chapter 106 — Section 4A--208. Misdescription of Intermediary Bankor Beneficiary's Bank.
- Chapter 106 — Section 4A--209. Acceptance of Payment Order.
- Chapter 106 — Section 4A--210. Rejection of Payment Order.
- Chapter 106 — Section 4A--211. Cancellation and Amendment of Payment Order.
- Chapter 106 — Section 4A--212. Liability and Duty of ReceivingBank Regarding Unaccepted Payment Order.
- Chapter 106 — Section 4A--301. Execution and Execution Date.
- Chapter 106 — Section 4A--302. Obligations of Receiving Bankin Execution of Payment Order.
- Chapter 106 — Section 4A--303. Erroneous Execution of Payment Order.
- Chapter 106 — Section 4A--304. Duty of Sender to ReportErroneously Executed Payment Order.
- Chapter 106 — Section 4A--305. Liability for Late or ImproperExecution or Failure to Execute Payment Order.
- Chapter 106 — Section 4A--401. Payment Date.
- Chapter 106 — Section 4A--402. Obligation of Sender to Pay Receiving Bank.
- Chapter 106 — Section 4A--403. Payment by Sender to Receiving Bank.
- Chapter 106 — Section 4A--404. Obligation of Beneficiary's Bankto Pay and Give Notice to Beneficiary.
- Chapter 106 — Section 4A--405. Payment by Beneficiary'sBank to Beneficiary.
- Chapter 106 — Section 4A--406. Payment by Originator to Beneficiary;Discharge of Underlying Obligation.
- Chapter 106 — Section 4A--501. Variation by Agreement and Effect ofFunds Transfer System Rule.
- Chapter 106 — Section 4A--502. Creditor Process Served on ReceivingBank; Setoff by Beneficiary's Bank.
- Chapter 106 — Section 4A--503. Injunction or Restraining Orderwith Respect to Funds Transfer.
- Chapter 106 — Section 4A--504. Order in Which Items and Payment OrdersMay Be Charged to Account; Order or Withdrawals from Account.
- Chapter 106 — Section 4A--505. Preclusion of Objection to Debitof Customer's Account.
- Chapter 106 — Section 4A--506. Rate of Interest.
- Chapter 106 — Section 4A--507. Choice of Law.
- Section 5--101. Short Title.
- Section 5--102. Definitions.
- Section 5--103. Scope.
- Section 5--104. Formal Requirements.
- Section 5--105. Consideration.
- Section 5--106. Issuance — Amendment, Cancellation, andDuration.
- Section 5--107. Confirmer — Nominated Person, and Adviser.
- Section 5--108. Issuer's Rights and Obligations.
- Section 5--109. Fraud and Forgery.
- Section 5--110. Warranties.
- Section 5--111. Remedies.
- Section 5--112. Transfer of Letter of Credit.
- Section 5--113. Transfer by Operation of Law.
- Section 5--114. Assignment of Proceeds.
- Section 5--115. Statute of Limitations.
- Section 5--116. Choice of Law and Forum.
- Section 5--117. Subrogation of Issuer — Applicant, and NominatedPerson.
- Chapter 106 — Section 6--103. Repealed, 1996, 160, Sec. 5.
- Chapter 106 — Section 7--101. Short Title.
- Chapter 106 — Section 7--102. Definitions and Index of Definitions.
- Chapter 106 — Section 7--103. Relation of Article to Treaty, Statute, Tariff, Classification orRegulation.
- Chapter 106 — Section 7--104. Negotiable and Non-Negotiable Warehouse Receipt, Bill of Lading or otherDocument of Title.
- Chapter 106 — Section 7--105. Construction against Negative Implication.
- Chapter 106 — Section 7--201. Who May Issue a Warehouse Receipt; Storageunder Government Bond.
- Chapter 106 — Section 7--202. Form of Warehouse Receipt; Essential Terms; Optional Terms.
- Chapter 106 — Section 7--203. Liability for Non-Receipt or Misdescription.
- Chapter 106 — Section 7--204. Duty of Care; Contractual Limitation of Warehouseman's Liability.
- Chapter 106 — Section 7--205. Title Under Warehouse Receipt Defeated in Certain Cases.
- Chapter 106 — Section 7--206. Termination of Storage at Warehouseman's Option.
- Chapter 106 — Section 7--207. Goods Must Be Kept Separate; Fungible Goods.
- Chapter 106 — Section 7--208. Altered Warehouse Receipts.
- Chapter 106 — Section 7--209. Lien of Warehouseman.
- Chapter 106 — Section 7--210. Enforcement of Warehouseman's Lien.
- Chapter 106 — Section 7--301. Liability for Non-Receipt or Misdescription; "Said to Contain"; "ShippersLoad and Count"; Improper Handling.
- Chapter 106 — Section 7--302. Through Bills of Lading and Similar Documents.
- Chapter 106 — Section 7--303. Diversion; Reconsignments; Change of Instructions.
- Chapter 106 — Section 7--304. Bills of Lading in a Set.
- Chapter 106 — Section 7--305. Destination Bills.
- Chapter 106 — Section 7--306. Altered Bills of Lading.
- Chapter 106 — Section 7--307. Lien of Carrier.
- Chapter 106 — Section 7--308. Enforcement of Carrier's Lien.
- Chapter 106 — Section 7--309. Duty of Care; Contractual Limitation of Carrier's Liability.
- Chapter 106 — Section 7--401. Irregularities in Issue of Receipt or Bill or Conduct of Issuer.
- Chapter 106 — Section 7--402. Duplicate Receipt or Bill; Overissue.
- Chapter 106 — Section 7--403. Obligation of Warehouseman or Carrier to Deliver; Excuse.
- Chapter 106 — Section 7--404. No Liability for Good Faith Delivery Pursuant to Receipt or Bill.
- Chapter 106 — Section 7--501. Form of Negotiation and Requirements of "Due Negotiation".
- Chapter 106 — Section 7--502. Rights Acquired by Due Negotiation.
- Chapter 106 — Section 7--503. Document of Title to Goods Defeated in Certain Cases.
- Chapter 106 — Section 7--504. Rights Acquired in the Absence of Due Negotiation; Effect of Diversion;Seller's Stoppage of Delivery.
- Chapter 106 — Section 7--505. Indorser Not a Guarantor for Other Parties.
- Chapter 106 — Section 7--506. Delivery Without Indorsement; Right to Compel Indorsement.
- Chapter 106 — Section 7--507. Warranties on Negotiation or Transfer of Receipt or Bill.
- Chapter 106 — Section 7--508. Warranties of Collecting Bank as to Documents.
- Chapter 106 — Section 7--509. Receipt or Bill; When Adequate Compliance With Commercial Contract.
- Chapter 106 — Section 7--601. Lost and Missing Documents.
- Chapter 106 — Section 7--602. Attachment of Goods Covered by a Negotiable Document.
- Chapter 106 — Section 7--603. Conflicting Claims; Interpleader.
- Chapter 106 — Section 8--101. Short Title.
- Chapter 106 — Section 8--102. Definitions.
- Chapter 106 — Section 8--103. Rules for Determining Whether Certain Obligations andInterests are Securities or Financial Assets.
- Chapter 106 — Section 8--104. Acquisition of Security or Financial Asset or InterestTherein.
- Chapter 106 — Section 8--105. Notice of Adverse Claim.
- Chapter 106 — Section 8--106. Control.
- Chapter 106 — Section 8--107. Whether Indorsement, Instruction, or Entitlement Order isEffective.
- Chapter 106 — Section 8--108. Warranties in Direct Holding.
- Chapter 106 — Section 8--109. Warranties in Indirect Holding.
- Chapter 106 — Section 8--110. Applicability; Choice of Law.
- Chapter 106 — Section 8--111. Clearing Corporation Rules.
- Chapter 106 — Section 8--112. Creditor's Legal Process.
- Chapter 106 — Section 8--113. Statute of Frauds Inapplicable.
- Chapter 106 — Section 8--114. Evidentiary Rules Concerning CertificatedSecurities.
- Chapter 106 — Section 8--115. Securities Intermediary and Others Not Liable toAdverse Claimant.
- Chapter 106 — Section 8--116. Securities Intermediary as Purchaser for Value.
- Chapter 106 — Section 8--201. Issuer.
- Chapter 106 — Section 8--202. Issuer's Responsibility and Defenses; Notice of Defect orDefense.
- Chapter 106 — Section 8--203. Staleness as Notice of Defect or Defense.
- Chapter 106 — Section 8--204. Effect of Issuer's Restriction on Transfer.
- Chapter 106 — Section 8--205. Effect of Unauthorized Signature on Security Certificate.
- Chapter 106 — Section 8--206. Completion or Alteration of SecurityCertificate.
- Chapter 106 — Section 8--207. Rights and Duties of Issuer With Respect toRegistered Owners.
- Chapter 106 — Section 8--208. Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent.
- Chapter 106 — Section 8--209. Issuer's Lien.
- Chapter 106 — Section 8--210. Overissue.
- Chapter 106 — Section 8--301. Delivery.
- Chapter 106 — Section 8--302. Rights of Purchaser.
- Chapter 106 — Section 8--303. Protected Purchaser.
- Chapter 106 — Section 8--304. Indorsement.
- Chapter 106 — Section 8--305. Instruction.
- Chapter 106 — Section 8--306. Effect of Guaranteeing Signature, Indorsement, or Instruction.
- Chapter 106 — Section 8--307. Purchaser's Right to Requisites for Registration ofTransfer.
- Chapter 106 — Sections 8--308 -- 8--321. Repealed, 1996, 170, Sec. 4.
- Chapter 106 — Section 8--401. Duty of Issuer to Register Transfer.
- Chapter 106 — Section 8--402. Assurance that Indorsement or Instruction IsEffective.
- Chapter 106 — Section 8--403. Demand that Issuer Not Register Transfer.
- Chapter 106 — Section 8--404. Wrongful Registration.
- Chapter 106 — Section 8--405. Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate.
- Chapter 106 — Section 8--406. Objection to Notify Issuer of Lost, Destroyed, orWrongfully Taken Security Certificate.
- Chapter 106 — Section 8--407. Authenticating Trustee, Transfer Agent, andRegistrar.
- Chapter 106 — Section 8--408. Repealed, 1996, 170, Sec. 4.
- Chapter 106 — Section 8--501. Securities Account; Acquisition of SecurityEntitlement from Securities Intermediary.
- Chapter 106 — Section 8--502. Assertion of Adverse Claim Against EntitlementHolder.
- Chapter 106 — Section 8--503. Property Interest of Entitlement Holder inFinancial Asset Held by Securities Intermediary.
- Chapter 106 — Section 8--504. Duty of Securities Intermediary to MaintainFinancial Asset.
- Chapter 106 — Section 8--505. Duty of Securities Intermediary with Respect toPayments and Distributions.
- Chapter 106 — Section 8--506. Duty of Securities Intermediary to Exercise Rightsas Directed by Entitlement Holder.
- Chapter 106 — Section 8--507. Duty of Securities Intermediary to Comply withEntitlement Order.
- Chapter 106 — Section 8--508. Duty of Securities Intermediary to ChangeEntitlement Holder's Position to Other Form of Security Holding.
- Chapter 106 — Section 8--509. Specification of Duties of Securities Intermediaryby Other Statute or Regulation; Manner of Performance of Duties of SecuritiesIntermediary and Exercise of Rights of Entitlement Holder.
- Chapter 106 — Section 8--510. Rights of Purchaser of Security Entitlement fromEntitlement Holder.
- Chapter 106 — Section 8--511. Priority Among Security Interests and EntitlementHolders.
- Chapter 106 — Section 9--101. Short Title.
- Chapter 106 — Section 9--102. Policy and Subject Matter of Article.
- Section 9--103. Perfection of Security Interests in Multiple StateTransactions.
- Section 9--104. Transactions Excluded From Article.
- Section 9--105. Definitions and Index of Definitions.
- Section 9--106. Definitions: "Account"; "General Intangibles".
- Chapter 106 — Section 9--107. Definitions: "Purchase Money Security Interest".
- Chapter 106 — Section 9--108. When After-Acquired Collateral Not Security for Antecedent Debt.
- Chapter 106: Section 9-109. Scope.
- Chapter 106: Section 9-110. Security Interests Arising Under Article 2 or 2A.
- Chapter 106 — Section 9-111. Repealed, 1996, 160, Sec. 5.
- Chapter 106 — Section 9-112-- 9-116. Repealed, 2001, 26, Sec. 39.
- Chapter 106 — Section 9--201. General Validity of Security Agreement.
- Chapter 106 — Section 9--202. Title to Collateral Immaterial.
- Chapter 106 — Section 9--203. Attachment and Enforceability of Security Interest;Proceeds; FormalRequisites.
- Chapter 106 — Section 9--204. After-Acquired Property; Future Advances.
- Chapter 106 — Section 9--205. Use or Disposition of Collateral Without Accounting Permissible.
- Section 9--206. Agreement Not to Assert Defenses Against Assignee;Modification of SalesWarranties Where Security Agreement Exists.
- Chapter 106 — Section 9--207. Rights and Duties When Collateral is in Secured Party's Possession.
- Chapter 106 — Section 9--208. Request for Statement of Account or List of Collateral.
- Chapter 106 — Section 9--301. Persons Who Take Priority Over UnperfectedSecurity Interest; Rights of"Lien Creditor".
- Section 9--302. When Filing Is Required to Perfect SecurityInterest; Security Intereststo Which Filing Provisions of This Article Do Not Apply.
- Chapter 106 — Section 9--303. When Security Interest Is Perfected; Continuityof Perfection.
- Section 9--304. Perfection of Security Interests in Instruments,Documents — Proceeds of a Written Letter of Credit and Goods Covered byDocuments; Perfection by Permissive Filings; Temporary Perfection WithoutFiling or Transfer of Possession.
- Section 9--305. When Possession by Secured Party Perfects SecurityInterest Without Filing.
- Chapter 106 — Section 9--306. "Proceeds"; Secured Party's Rights on Dispositionof Collateral.
- Chapter 106 — Section 9--307. Protection of Buyers of Goods.
- Chapter 106 — Section 9--308. Purchase of Chattel Paper and Instruments.
- Chapter 106 — Section 9--309. Protection of Purchasers of Instruments, Documentsand Securities.
- Chapter 106 — Section 9--310. Priority of Certain Liens Arising by Operation of Law.
- Chapter 106 — Section 9--311. Alienability of Debtor's Rights; Judicial Process.
- Chapter 106 — Section 9--312. Priorities Among Conflicting Security Interests inthe Same Collateral.
- Chapter 106 — Section 9--313. Priority of Security Interests in Fixtures.
- Chapter 106 — Section 9--314. Accessions.
- Chapter 106 — Section 9--315. Priority When Goods are Commingled or Processed.
- Chapter 106 — Section 9--316. Priority Subject to Subordination.
- Chapter 106 — Section 9--317. Secured Party Not Obligated on Contract of Debtor.
- Chapter 106 — Section 9--318. Defenses Against Assignee; Modification of Contract After Notification ofAssignment; Term Prohibiting Assignment Ineffective; Identification andProof of Assignment.
- Chapter 106 — Section 9--401. Place of Filing; Erroneous Filing, Removal of Collateral.
- Chapter 106 — Section 9--402. Formal Requisites of Financing Statement Amendment; Mortgage as FinancingStatement.
- Chapter 106 — Section 9--403. What Constitutes Filing; Duration of Filing; Effect of Lapsed Filing;Duties of Filing Officer.
- Chapter 106 — Section 9--404. Termination Statement.
- Chapter 106 — Section 9--405. Assignment of Security Interest; Duties of Filing Officer; Fees.
- Chapter 106 — Section 9--406. Release of Collateral; Duties of Filing Officer; Fees.
- Chapter 106 — Section 9--407. Information from Filing Officer.
- Chapter 106 — Section 9--408. Financing Statements Covering Consigned or Leased Goods.
- Chapter 106 — Section 9--409. Destruction of Old Records.
- Chapter 106 — Section 9--410. Special Provisions for Filings as to Fixtures in Registries of Deeds;Duties of Registers of Deeds.
- Chapter 106 — Section 9--501. Default; Procedure When Security Agreement Covers Both Real and PersonalProperty.
- Chapter 106 — Section 9--502. Collection Rights of Secured Party.
- Chapter 106 — Section 9--503. Secured Party's Right to Take Possession After Default.
- Chapter 106 — Section 9--504. Secured Party's Right to Dispose of Collateral After Default; Effect ofDisposition.
- Chapter 106 — Section 9--505. Compulsory Disposition of Collateral; Acceptance of the Collateral asDischarge of Obligation.
- Chapter 106 — Section 9--506. Debtor's Right to Redeem Collateral.
- Chapter 106 — Section 9--507. Secured Party's Liability for Failure to ComplyWith This Part.
Disclaimer: These codes may not be the most recent version. Massachusetts may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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