United States — Louisiana
RS 10:3-101
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This chapter may be cited as Uniform Commercial Code — Negotiable Instruments.
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46,252 statutes · page 3 of 2,313
United States — Louisiana
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This chapter may be cited as Uniform Commercial Code — Negotiable Instruments.
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This Chapter applies to negotiable instruments and does not apply to money, Chapter 4A payment orders, or Chapter 8 securities.
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This section defines terms used in Chapter 3 and lists related definitions found in other sections.
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This section defines what counts as a negotiable instrument and related terms like instrument, note, draft, check, cashier's check, teller's check, traveler's check, and certificate of deposit.
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This section defines when an instrument is “issued” and who counts as an “issuer,” and says certain issuance failures can be used as defenses.
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A promise or order is generally unconditional unless it expressly makes payment conditional, is subject to another writing, or states rights or obligations in another writing.
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An instrument payable in foreign money may be paid in that foreign money or in an equivalent dollar amount, unless the instrument says otherwise.
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This section defines when a promise or order is payable on demand or at a definite time.
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This section explains when a promise or order is payable to bearer or to order, and how it can change status by indorsement.
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This section says who an instrument is payable to, based on the signer’s intent and certain naming rules.
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This section says where an instrument must be paid, based on what the instrument states or, if it says nothing, on the drawee’s or maker’s address, business location, or residence.
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This section says when an instrument does or does not pay interest, how interest may be stated, and how interest is set if the amount cannot be determined from the instrument.
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An instrument may be dated before or after the actual date, and if it has no date, the law supplies one.
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If a document has conflicting terms, handwritten terms control over typewritten and printed terms, typewritten terms control over printed terms, and words control over numbers.
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An incomplete instrument may be enforced in certain ways, and a signer-authorization challenge must be proven by the person making that claim.
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People with the same liability on an instrument are jointly and severally liable, unless the instrument says otherwise.
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A party’s obligation to pay an instrument can be changed only by a separate written agreement with the obligor and the person entitled to enforce it, subject to applicable proof rules.
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This section sets time limits for bringing actions to enforce payment obligations on different negotiable instruments.
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This section was repealed, effective January 1, 1994.
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This section defines “negotiation” and says that, for an instrument payable to an identified person, negotiation requires transfer of possession plus the holder’s indorsement, unless the negotiation is by a remitter.