There is a newer version
of
the New York Laws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
3-418 - Finality of Payment or Acceptance.
Universal Citation: NY UCC § 3-418 (2017)
Section 3--418. Finality of Payment or Acceptance.Except for recovery of bank payments as provided in the Article on Bank Deposits and Collections (Article 4) and except for liability for breach of warranty on presentment under the preceding section, payment or acceptance of any instrument is final in favor of a holder in due course, or a person who has in good faith changed his position in reliance on the payment.
Disclaimer: These codes may not be the most recent version. New York 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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
