Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 3-109 — Definite Time
N.Y. U.C.C. Law § 3-109
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
Section 3--109. Definite Time.
Citator
N.Y. U.C.C. Law § 3-109 — Definite Time is in force in the current edition of the Code, and nothing recorded condemns it.
Section 3--109. Definite Time.
(1) An instrument is payable at a definite time if by its terms it is payable
(a) on or before a stated date or at a fixed period after a
stated date; or
(b) at a fixed period after sight; or
(c) at a definite time subject to any acceleration; or
(d) at a definite time subject to extension at the option of the
holder, or to extension to a further definite time at the
option of the maker or acceptor or automatically upon or
after a specified act or event.
(2) An instrument which by its terms is otherwise payable only upon an act or event uncertain as to time of occurrence is not payable at a definite time even though the act or event has occurred.