30-3-101. Short title

30-3-101. Short title. This chapter shall be known and may be cited as Uniform Commercial Code–Negotiable Instruments. History: En. Sec. 3-101, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-101; amd. Sec. 87, Ch. 410, L. 1991.

30-3-102. Definitions

30-3-102. Definitions. (1) In this chapter, unless the context otherwise requires, the following definitions apply: (a) ”Acceptor” means a drawee that has accepted a draft. (b) ”Drawee” means a person ordered in a draft to make payment. (c) ”Drawer” means a person that signs a draft as a person ordering payment. (d) ”Good faith” means honesty in fact and the […]

30-3-103. Repealed

30-3-103. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-103, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-103.

30-3-104. Negotiable instrument

30-3-104. Negotiable instrument. (1) “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 is issued or first comes into possession of a holder; (b) is […]

30-3-105. Unconditional promise or order

30-3-105. Unconditional promise or order. (1) (a) Except as provided in subsections (2) and (3), for the purposes of 30-3-104(1), a promise or order is unconditional unless it states: (i) an express condition to payment; or (ii) that the promise or order is subject to or governed by another writing or that the rights or obligations with respect to […]

30-3-106. Repealed

30-3-106. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-106, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-106.

30-3-107. Instrument payable in foreign money

30-3-107. Instrument payable in foreign money. Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollars calculated by using the current bank-offered spot rate at the place of payment for the purchase of dollars on the day […]

30-3-108. Payable on demand

30-3-108. Payable on demand. A promise or order is “payable on demand” if: (1) it states that it is payable on demand or at sight or otherwise indicates that it is payable at the will of the holder; or (2) it does not state any time of payment. History: En. Sec. 3-108, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-108; […]

30-3-109. Definite time

30-3-109. Definite time. (1) A promise or order is “payable at a definite time” if it is payable on elapse of a definite period of time after sight or acceptance or at a fixed date or dates or at a time or times readily ascertainable at the time the promise or order is issued, subject to […]

30-3-110. Repealed

30-3-110. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-110, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-110.

30-3-111. Payable to bearer or to order

30-3-111. Payable to bearer or to order. (1) A promise or order is “payable to bearer” if it: (a) states that it is payable to bearer or to the order of bearer or otherwise indicates that the person in possession of the promise or order is entitled to payment; (b) does not state a payee; or (c) states that […]

30-3-112. Repealed

30-3-112. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-112, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-112.

30-3-113. Repealed

30-3-113. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-113, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-113.

30-3-114. Date of instrument

30-3-114. 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 30-4-401(3), an instrument payable on demand is not payable before the date of the instrument. (2) If an instrument is undated, its […]

30-3-115. Incomplete instrument

30-3-115. 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. (2) Subject to subsection (3), if an incomplete instrument is […]

30-3-116. Repealed

30-3-116. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-116, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-116.

30-3-117. Repealed

30-3-117. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-117, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-117.

30-3-118. Repealed

30-3-118. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-118, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-118.

30-3-119. Other agreements affecting instrument

30-3-119. Other agreements affecting instrument. Subject to applicable law regarding exclusion of proof of contemporaneous or prior 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 issued […]

30-3-120. Repealed

30-3-120. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-120, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-120.