UCC For Negotiable Instruments
(Revised Article 3)
(Revised Article 3)
Art. 3 Negotiable Instruments :
UCC Article 3 applies to negotiable instruments. It does not apply to money, to payment orders governed by Article 4A, or to securities governed by Article 8. If there is conflict between this Article and Article 4 or 9, Articles 4 and 9 govern. Regulations of the Board of Governors of the Federal Reserve System and operating circulars of the Federal Reserve Banks supersede any inconsistent provision of this Article to the extent of inconsistency.
Example Case 1:
Content of case 1.
Example Case 2:
Content of case 2.
Example Case 3:
Content of case3.