New York § 3-107 Money

New York Statutes

§ 3-107 — Money

New York § 3-107

Law UCCUniform Commercial Code

Part 1Short Title, Form and Interpretation

Art. 3Commercial Paper

This text of New York § 3-107 (Money) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Uniform Commercial Code § 3-107 (2026).

Text

Section 3--107. Money.\n  (1) An instrument is payable in money if the medium of exchange in\nwhich it is payable is money at the time the instrument is made. An\ninstrument payable in "currency" or "current funds" is payable in money.\n  (2) A promise or order to pay a sum stated in a foreign currency is\nfor a sum certain in money and may be satisfied by payment of that\nnumber of dollars which the stated foreign currency will purchase at the\nbuying sight rate for that currency on the day on which the instrument\nis payable, or, if payable on demand, on the day of demand.\n

Free access — add to your briefcase to read the full text and ask questions with AI

Section 3--107. Money.\n (1) An instrument is payable in money if the medium of exchange in\nwhich it is payable is money at the time the instrument is made. An\ninstrument payable in "currency" or "current funds" is payable in money.\n (2) A promise or order to pay a sum stated in a foreign currency is\nfor a sum certain in money and may be satisfied by payment of that\nnumber of dollars which the stated foreign currency will purchase at the\nbuying sight rate for that currency on the day on which the instrument\nis payable, or, if payable on demand, on the day of demand.\n