Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 3-117 — Instruments Payable With Words of Description
N.Y. U.C.C. Law § 3-117
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
Section 3--117. Instruments Payable With Words of Description.
Citator
N.Y. U.C.C. Law § 3-117 — Instruments Payable With Words of Description is in force in the current edition of the Code, and nothing recorded condemns it.
Section 3--117. Instruments Payable With Words of Description.
An instrument made payable to a named person with the addition of words describing him
(a) as agent or officer of a specified person is payable to his principal but the agent or officer may act as if he were the holder;
(b) as any other fiduciary for a specified person or purpose is payable to the payee and may be negotiated, discharged or enforced by him;
(c) in any other manner is payable to the payee unconditionally and the additional words are without effect on subsequent parties.