N.Y. UCC Law § 3-406
This is the official text of N.Y. UCC Law § 3-406, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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Negligence Contributing to Alteration or Unauthorized Signature
Official statutory text
Section 3--406. Negligence Contributing to Alteration or Unauthorized\n Signature.\n Any person who by his negligence substantially contributes to a\nmaterial alteration of the instrument or to the making of an\nunauthorized signature is precluded from asserting the alteration or\nlack of authority against a holder in due course or against a drawee or\nother payor who pays the instrument in good faith and in accordance with\nthe reasonable commercial standards of the drawee's or payor's business.\n
Status: in_force · Read it on the official government site
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