Title 11, Article 3: COMMERCIAL PAPER

Title 11, Article 3: COMMERCIAL PAPER

Part 1: SHORT TITLE, FORM AND INTERPRETATION

11 §3-101. Short title (REPEALED)

11 §3-102. Definitions and index of definitions (REPEALED)

11 §3-103. Limitations on scope of Article (REPEALED)

11 §3-104. Form of negotiable instruments; "draft"; "check"; "certificate of deposit"; "note" (REPEALED)

11 §3-104-A. Return of paid note required (REPEALED)

11 §3-105. When promise or order unconditional (REPEALED)

11 §3-106. Sum certain (REPEALED)

11 §3-107. Money (REPEALED)

11 §3-108. Payable on demand (REPEALED)

11 §3-109. Definite time (REPEALED)

11 §3-110. Payable to order (REPEALED)

11 §3-111. Payable to bearer (REPEALED)

11 §3-112. Terms and omissions not affecting negotiability (REPEALED)

11 §3-113. Seal (REPEALED)

11 §3-114. Date, antedating, postdating (REPEALED)

11 §3-115. Incomplete instruments (REPEALED)

11 §3-116. Instruments payable to 2 or more persons (REPEALED)

11 §3-117. Instruments payable with words of description (REPEALED)

11 §3-118. Ambiguous terms and rules of construction (REPEALED)

11 §3-119. Other writings affecting instrument (REPEALED)

11 §3-120. Instruments "payable through" bank (REPEALED)

11 §3-121. Instruments payable at bank (REPEALED)

11 §3-122. Accrual of cause of action (REPEALED)

Part 2: TRANSFER AND NEGOTIATION

11 §3-201. Transfer: right to indorsement (REPEALED)

11 §3-202. Negotiation (REPEALED)

11 §3-203. Wrong or misspelled name (REPEALED)

11 §3-204. Special indorsement; blank indorsement (REPEALED)

11 §3-205. Restrictive indorsements (REPEALED)

11 §3-206. Effect of restrictive indorsement (REPEALED)

11 §3-207. Negotiation effective although it may be rescinded (REPEALED)

11 §3-208. Reacquisition (REPEALED)

Part 3: RIGHTS OF A HOLDER

11 §3-301. Rights of a holder (REPEALED)

11 §3-302. Holder in due course (REPEALED)

11 §3-303. Taking for value (REPEALED)

11 §3-304. Notice to purchaser (REPEALED)

11 §3-305. Rights of a holder in due course (REPEALED)

11 §3-306. Rights of one not holder in due course (REPEALED)

11 §3-307. Burden of establishing signatures, defenses and due course (REPEALED)

Part 4: LIABILITY OF PARTIES

11 §3-401. Signature (REPEALED)

11 §3-402. Signature in ambiguous capacity (REPEALED)

11 §3-403. Signature by authorized representative (REPEALED)

11 §3-404. Unauthorized signatures (REPEALED)

11 §3-405. Impostors; signature in name of payee (REPEALED)

11 §3-406. Negligence contributing to alteration or unauthorized signature (REPEALED)

11 §3-407. Alteration (REPEALED)

11 §3-408. Consideration (REPEALED)

11 §3-409. Draft not an assignment (REPEALED)

11 §3-410. Definition and operation of acceptance (REPEALED)

11 §3-411. Certification of a check (REPEALED)

11 §3-412. Acceptance varying draft (REPEALED)

11 §3-413. Contract of maker, drawer and acceptor (REPEALED)

11 §3-414. Contract of indorser; order of liability (REPEALED)

11 §3-415. Contract of accommodation party (REPEALED)

11 §3-416. Contract of guarantor (REPEALED)

11 §3-417. Warranties on presentment and transfer (REPEALED)

11 §3-418. Finality of payment or acceptance (REPEALED)

11 §3-419. Conversion of instrument; innocent representative (REPEALED)

Part 5: PRESENTMENT, NOTICE OF DISHONOR AND PROTEST

11 §3-501. When presentment, notice of dishonor and protest necessary or permissible (REPEALED)

11 §3-502. Unexcused delay; discharge (REPEALED)

11 §3-503. Time of presentment (REPEALED)

11 §3-504. How presentment made (REPEALED)

11 §3-505. Rights of party to whom presentment is made (REPEALED)

11 §3-506. Time allowed for acceptance or payment (REPEALED)

11 §3-507. Dishonor; holder's right of recourse; term allowing representment (REPEALED)

11 §3-508. Notice of dishonor (REPEALED)

11 §3-509. Protest; noting for protest (REPEALED)

11 §3-510. Evidence of dishonor and notice of dishonor (REPEALED)

11 §3-511. Waived or excused presentment, protest or notice of dishonor or delay therein (REPEALED)

Part 6: DISCHARGE

11 §3-601. Discharge of parties (REPEALED)

11 §3-602. Effect of discharge against holder in due course (REPEALED)

11 §3-603. Payment or satisfaction (REPEALED)

11 §3-604. Tender of payment (REPEALED)

11 §3-605. Cancellation and renunciation (REPEALED)

11 §3-606. Impairment of recourse or of collateral (REPEALED)

Part 7: ADVICE OF INTERNATIONAL SIGHT DRAFT

11 §3-701. Letter of advice of international sight draft (REPEALED)

Part 8: MISCELLANEOUS

11 §3-801. Drafts in a set (REPEALED)

11 §3-802. Effect of instrument on obligation for which it is given (REPEALED)

11 §3-803. Notice to third party (REPEALED)

11 §3-804. Lost, destroyed or stolen instruments (REPEALED)

11 §3-805. Instruments not payable to order or to bearer (REPEALED)

The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public.
If you need legal advice, please consult a qualified attorney.

Office of the Revisor of Statutes · 7 State House Station · State House Room 108 · Augusta, Maine 04333-0007

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