N.Y. UCC Law § 3-418
This is the official text of N.Y. UCC Law § 3-418, 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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Finality of Payment or Acceptance
Official statutory text
Section 3--418. Finality of Payment or Acceptance.\n Except for recovery of bank payments as provided in the Article on\nBank Deposits and Collections (Article 4) and except for liability for\nbreach of warranty on presentment under the preceding section, payment\nor acceptance of any instrument is final in favor of a holder in due\ncourse, or a person who has in good faith changed his position in\nreliance on the payment.\n
Status: in_force · Read it on the official government site
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