N.Y. UCC Law § 3-505
This is the official text of N.Y. UCC Law § 3-505, 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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Rights of Party to Whom Presentment Is Made
Official statutory text
Section 3--505. Rights of Party to Whom Presentment Is Made.\n (1) The party to whom presentment is made may without dishonor require\n (a) exhibition of the instrument; and\n (b) reasonable identification of the person making presentment\n and evidence of his authority to make it if made for another;\n and\n (c) that the instrument be produced for acceptance or payment at\n a place specified in it, or if there be none at any place\n reasonable in the circumstances; and\n (d) a signed receipt on the instrument for any partial or full\n payment and its surrender upon full payment.\n (2) Failure to comply with any such requirement invalidates the\npresentment but the person presenting has a reasonable time in which to\ncomply and the time for acceptance or payment runs from the time of\ncompliance.\n
Status: in_force · Read it on the official government site
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