United States — Louisiana Statutes

RS 10:3-101

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This chapter may be cited as Uniform Commercial Code — Negotiable Instruments.

• Negotiable instruments

RS 10:3-102

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This Chapter applies to negotiable instruments and does not apply to money, Chapter 4A payment orders, or Chapter 8 securities.

• Negotiable instruments
• Payments
• Securities

RS 10:3-103

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This section defines terms used in Chapter 3 and lists related definitions found in other sections.

RS 10:3-104

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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.

• Negotiable instruments
• Payment instruments

RS 10:3-105

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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.

• Negotiable instruments

RS 10:3-106

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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.

• Negotiable instruments
• Payment conditions

RS 10:3-107

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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.

• Foreign currency
• Payment terms

RS 10:3-108

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This section defines when a promise or order is payable on demand or at a definite time.

• Negotiable instruments
• Payment terms

RS 10:3-109

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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.

• Indorsement
• Negotiable instruments
• Payment terms

RS 10:3-110

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This section says who an instrument is payable to, based on the signer’s intent and certain naming rules.

• Negotiable instruments
• Payee identification
• Payment instructions

RS 10:3-111

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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.

• Negotiable instruments
• Payment terms

RS 10:3-112

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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.

• Interest on instruments

RS 10:3-113

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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.

• Negotiable instruments
• Payment timing

RS 10:3-114

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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.

• Document interpretation

RS 10:3-115

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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.

• Alteration
• Incomplete instruments
• Proof burden

RS 10:3-116

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People with the same liability on an instrument are jointly and severally liable, unless the instrument says otherwise.

• Contribution
• Instrument liability
• Joint liability

RS 10:3-117

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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.

RS 10:3-118

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This section sets time limits for bringing actions to enforce payment obligations on different negotiable instruments.

• Limitations period
• Negotiable instruments

RS 10:3-119

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This section was repealed, effective January 1, 1994.

RS 10:3-201

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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.

• Indorsement
• Negotiation
• Transfer