11 §3-1115. Incomplete instrument
§3-1115. Incomplete instrument (1). “Incomplete instrument” means a signed writing, whether or not issued by the signer, the contents of which show at the time of signing that it is incomplete but that the signer intended it to be completed by the addition of words or numbers. [PL 1993, c. 293, Pt. A, §2 […]
11 §3-1116. Joint and several liability; contribution
§3-1116. Joint and several liability; contribution (1). Except as otherwise provided in the instrument, 2 or more persons who have the same liability on an instrument as makers, drawers, acceptors, indorsers who indorse as joint payees or anomalous indorsers are jointly and severally liable in the capacity in which they sign. [PL 1993, c. […]
11 §3-1117. Other agreements affecting instrument
§3-1117. Other agreements affecting instrument Subject to applicable law regarding exclusion of proof of contemporaneous or previous agreements, the obligation of a party to an instrument to pay the instrument may be modified, supplemented or nullified by a separate agreement of the obligor and a person entitled to enforce the instrument if the instrument is […]
11 §3-1118. Statute of limitations
§3-1118. Statute of limitations (1). Except as provided in subsection (5), an action to enforce the obligation of a party to pay a note payable at a definite time must be commenced within 6 years after the due date or dates stated in the note or, if a due date is accelerated, within 6 years […]
11 §3-1119. Notice of right to defend action
§3-1119. Notice of right to defend action In an action for breach of an obligation for which a 3rd person is answerable over pursuant to this Article or Article 4, the defendant may give the 3rd person written notice of the litigation and the person notified may then give similar notice to any other person […]
11 §3-1114. Contradictory terms of instrument
§3-1114. Contradictory terms of instrument If an instrument contains contradictory terms, typewritten terms prevail over printed terms, handwritten terms prevail over both and words prevail over numbers. [PL 1993, c. 293, Pt. A, §2 (NEW).] SECTION HISTORY PL 1993, c. 293, §A2 (NEW).
11 §3-1101. Short title
§3-1101. Short title This Article is known and may be cited as “Uniform Commercial Code — Negotiable Instruments.” [PL 1993, c. 293, Pt. A, §2 (NEW).] SECTION HISTORY PL 1993, c. 293, §A2 (NEW).
11 §3-1102. Subject matter
§3-1102. Subject matter (1). This Article applies to negotiable instruments. It does not apply to money, to payment orders governed by Article 4‑A, or to securities governed by Article 8. [PL 1993, c. 293, Pt. A, §2 (NEW).] (2). If there is conflict between this Article and Article 4 or 9, Article 4 or […]
11 §3-1103. Definitions
§3-1103. Definitions (1). In this Article, unless the context indicates otherwise, the following terms have the following meanings. (a). “Acceptor” means a drawee who has accepted a draft. [PL 1993, c. 293, Pt. A, §2 (NEW).] (b). “Drawee” means a person ordered in a draft to make payment. [PL 1993, c. 293, […]
11 §3-1104. Negotiable instrument
§3-1104. Negotiable instrument (1). Except as provided in subsections (3) and (4), “negotiable instrument” means an unconditional promise or order to pay a fixed amount of money, with or without interest or other charges described in the promise or order, if it: (a). Is payable to bearer or to order at the time it […]