New York Statutes
§ 3-116 — Instruments Payable to Two or More Persons
New York·Law UCC Uniform Commercial Code·Part 1 Short Title, Form and Interpretation·Art. 3 Commercial Paper
Section 3--116. Instruments Payable to Two or More Persons.\n An instrument payable to the order of two or more persons\n (a) if in the alternative is payable to any one of them and may be\nnegotiated, discharged or enforced by any of them who has possession of\nit;\n (b) if not in the alternative is payable to all of them and may be\nnegotiated, discharged or enforced only by all of them.\n
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Related
Costello v. Oneida National Bank & Trust Co.
109 A.D.2d 1085 (Appellate Division of the Supreme Court of New York, 1985)
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