N.Y. Uniform Commercial Code 3-301 – Rights of a Holder
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Section 3–301. Rights of a Holder.
Terms Used In N.Y. Uniform Commercial Code 3-301
- Instrument: means a negotiable instrument. See N.Y. Uniform Commercial Code 3-102
The holder of an instrument whether or not he is the owner may transfer or negotiate it and, except as otherwise provided in Section 3–603 on payment or satisfaction, discharge it or enforce payment in his own name.