New York Statutes
§ 3-107 — Money
New York·Law UCC Uniform Commercial Code·Part 1 Short Title, Form and Interpretation·Art. 3 Commercial Paper
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
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Nearby Sections
15
§ 3-101
Short Title§ 3-106
Sum Certain§ 3-107
Money§ 3-108
Payable on Demand§ 3-109
Definite Time§ 3-110
Payable to Order§ 3-111
Payable to Bearer§ 3-113
Seal§ 3-114
Date, Antedating, Postdating§ 3-115
Incomplete Instruments