• § 11-3-401 - Signature
  (a) A person is not liable on an instrument unless (i) the person signed the instrument; or (ii) the person is represented by an...
• § 11-3-402 - Signature by Representative
  (a) If a person acting or purporting to act as a representative signs an instrument by signing either the name of the represented person...
• § 11-3-403 - Unauthorized Signature
  (a) Unless otherwise provided in this article or Article 4 of this title, an unauthorized signature is ineffective except as the signature of the...
• § 11-3-404 - Impostors; Fictitious Payees
  (a) If an impostor, by use of the mails or otherwise, induces the issuer of an instrument to issue the instrument to the impostor,...
• § 11-3-405 - Employer's Responsibility for Fraudulent Indorsement by Employee
  (a) In this Code section: (1) "Employee" includes an independent contractor and an employee of an independent contractor retained by the employer; (2) "Fraudulent...
• § 11-3-406 - Negligence Contributing to Forged Signature or Alteration of Instrument
  (a) A person whose failure to exercise ordinary care substantially contributes to an alteration of an instrument or to the making of a forged...
• § 11-3-407 - Alteration
  (a) "Alteration" means (i) an unauthorized change in an instrument that purports to modify in any respect the obligation of a party; or (ii)...
• § 11-3-408 - Drawee Not Liable on Unaccepted Draft
  A check or other draft does not of itself operate as an assignment of funds in the hands of the drawee available for its...
• § 11-3-409 - Acceptance of Draft; Certified Check
  (a) "Acceptance" means the drawee's signed agreement to pay a draft as presented. It must be written on the draft and may consist of...
• § 11-3-410 - Acceptance Varying Draft
  (a) If the terms of a drawee's acceptance vary from the terms of the draft as presented, the holder may refuse the acceptance and...
• § 11-3-411 - Refusal to Pay Cashier's Checks, Teller's Checks, and Certified Checks
  (a) In this Code section, "obligated bank" means the acceptor of a certified check or the issuer of a cashier's check or teller's check...
• § 11-3-412 - Obligation of Issuer of Note or Cashier's Check
  The issuer of a note or cashier's check or other draft drawn on the drawer is obliged to pay the instrument (i) according to...
• § 11-3-413 - Obligation of Acceptor
  (a) The acceptor of a draft is obliged to pay the draft (i) according to its terms at the time it was accepted, even...
• § 11-3-414 - Obligation of Drawer
  (a) This Code section does not apply to cashier's checks or other drafts drawn on the drawer.(b) If an unaccepted draft is dishonored, the...
• § 11-3-415 - Obligation of Indorser
  (a) Subject to subsections (b), (c), (d), and (e) of this Code section and to subsection (d) of Code Section 11-3-419, if an instrument...
• § 11-3-416 - Transfer Warranties
  (a) A person who transfers an instrument for consideration warrants to the transferee and, if the transfer is by indorsement, to any subsequent transferee...
• § 11-3-417 - Presentment Warranties
  (a) If an unaccepted draft is presented to the drawee for payment or acceptance and the drawee pays or accepts the draft, the person...
• § 11-3-418 - Payment or Acceptance by Mistake
  (a) Except as provided in subsection (c) of this Code section, if the drawee of a draft pays or accepts the draft and the...
• § 11-3-419 - Instruments Signed for Accommodation
  (a) If an instrument is issued for value given for the benefit of a party to the instrument known as the "accommodated party," and...
• § 11-3-420 - Conversion of Instrument
  (a) The law applicable to conversion of personal property applies to instruments. An instrument is also converted if it is taken by transfer, other...

Last modified: October 14, 2016