11 §3-1110. Identification of person to whom instrument is payable
§3-1110. Identification of person to whom instrument is payable (1). The person to whom an instrument is initially payable is determined by the intent of the person, whether or not authorized, signing as, or in the name or behalf of, the issuer of the instrument. The instrument is payable to the person intended by the […]
11 §3-1111. Place of payment
§3-1111. Place of payment Except as otherwise provided for items in Article 4, an instrument is payable at the place of payment stated in the instrument. If no place of payment is stated, an instrument is payable at the address of the drawee or maker stated in the instrument. If no address is stated, the […]
11 §3-1112. Interest
§3-1112. Interest (1). Unless otherwise provided in the instrument: (a). An instrument is not payable with interest; and [PL 1993, c. 293, Pt. A, §2 (NEW).] (b). Interest on an interest-bearing instrument is payable from the date of the instrument. [PL 1993, c. 293, Pt. A, §2 (NEW).] [PL 1993, c. 293, […]
11 §3-1113. Date of instrument
§3-1113. Date of instrument (1). An instrument may be antedated or postdated. The date stated determines the time of payment if the instrument is payable at a fixed period after date. Except as provided in section 4-401, subsection (1-B), an instrument payable on demand is not payable before the date of the instrument. [PL […]
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 […]