New York Statutes
§ 3-117 — Instruments Payable With Words of Description
New York·Law UCC Uniform Commercial Code·Part 1 Short Title, Form and Interpretation·Art. 3 Commercial Paper
Section 3--117. Instruments Payable With Words of Description.\n An instrument made payable to a named person with the addition of\nwords describing him\n (a) as agent or officer of a specified person is payable to his\nprincipal but the agent or officer may act as if he were the holder;\n (b) as any other fiduciary for a specified person or purpose is\npayable to the payee and may be negotiated, discharged or enforced by\nhim;\n (c) in any other manner is payable to the payee unconditionally and\nthe additional words are without effect on subsequent parties.\n
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Related
Mtr. of Knox (Columbia Banking)
477 N.E.2d 448 (New York Court of Appeals, 1985)
Temp Realty Corp. v. Man Tong He
2017 NY Slip Op 3981 (Appellate Division of the Supreme Court of New York, 2017)
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