2006 New York Code - Application



 
    §  5-1604. Application. 1. Notwithstanding the uniform commercial code
  or any other law of this state, this title shall apply to all contracts,
  securities  and  instruments,  including  contracts  with   respect   to
  commercial  transactions, and shall not be deemed to be displaced by any
  other law of this state.
    2.  In  circumstances  of  currency   alteration,   other   than   the
  introduction  of  the  euro,  the  provisions of this title shall not be
  interpreted as creating any negative inference or  negative  presumption
  regarding  the  validity  or  enforceability of contracts, securities or
  instruments denominated in whole or in part in a  currency  affected  by
  such alteration.

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