Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 3-418 — Finality of Payment or Acceptance
N.Y. U.C.C. Law § 3-418
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
Section 3--418. Finality of Payment or Acceptance.
Citator
N.Y. U.C.C. Law § 3-418 — Finality of Payment or Acceptance is in force in the current edition of the Code, and nothing recorded condemns it.
Section 3--418. Finality of Payment or Acceptance.
Except for recovery of bank payments as provided in the Article on Bank Deposits and Collections (Article 4) and except for liability for breach of warranty on presentment under the preceding section, payment or acceptance of any instrument is final in favor of a holder in due course, or a person who has in good faith changed his position in reliance on the payment.