There is a newer version
of
the New York Laws
2021 New York Laws
UCC - Uniform Commercial Code
Article 3 - Commercial Paper
Part 1 - Short Title, Form and Interpretation
3-116 - Instruments Payable to Two or More Persons.
Universal Citation: NY UCC § 3-116 (2021)
Section 3--116. Instruments Payable to Two or More Persons. An instrument payable to the order of two or more persons(a) if in the alternative is payable to any one of them and may be negotiated, discharged or enforced by any of them who has possession of it;
(b) if not in the alternative is payable to all of them and may be negotiated, discharged or enforced only by all of them.
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