There is a newer version
of
the New York Laws
2017 New York Laws
UCC - Uniform Commercial Code
Article 3 - Commercial Paper
Part 4 - Liability of Parties
3-406 - Negligence Contributing to Alteration or Unauthorized Signature.
Universal Citation: NY UCC § 3-406 (2017)
Section 3--406. Negligence Contributing to Alteration or UnauthorizedSignature.
Any person who by his negligence substantially contributes to a material alteration of the instrument or to the making of an unauthorized signature is precluded from asserting the alteration or lack of authority against a holder in due course or against a drawee or other payor who pays the instrument in good faith and in accordance with the reasonable commercial standards of the drawee's or payor's business.
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