State Codes and Statutes

Statutes > New-york > Ucc > Article-3 > Part-4 > 3-418

Section 3--418. Finality of Payment or Acceptance.    Except  for  recovery  of  bank payments as provided in the Article on  Bank Deposits and Collections (Article 4) and except for  liability  for  breach  of  warranty on presentment under the preceding section, payment  or acceptance of any instrument is final in favor of  a  holder  in  due  course,  or  a  person  who  has  in  good faith changed his position in  reliance on the payment.

State Codes and Statutes

Statutes > New-york > Ucc > Article-3 > Part-4 > 3-418

Section 3--418. Finality of Payment or Acceptance.    Except  for  recovery  of  bank payments as provided in the Article on  Bank Deposits and Collections (Article 4) and except for  liability  for  breach  of  warranty on presentment under the preceding section, payment  or acceptance of any instrument is final in favor of  a  holder  in  due  course,  or  a  person  who  has  in  good faith changed his position in  reliance on the payment.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Ucc > Article-3 > Part-4 > 3-418

Section 3--418. Finality of Payment or Acceptance.    Except  for  recovery  of  bank payments as provided in the Article on  Bank Deposits and Collections (Article 4) and except for  liability  for  breach  of  warranty on presentment under the preceding section, payment  or acceptance of any instrument is final in favor of  a  holder  in  due  course,  or  a  person  who  has  in  good faith changed his position in  reliance on the payment.