New York Statutes

§ 3-307 — Burden of Establishing Signatures, Defenses and Due Course

New York·Law UCC Uniform Commercial Code·Part 3 Rights of a Holder·Art. 3 Commercial Paper
Section 3--307. Burden of Establishing Signatures, Defenses and Due\n Course.\n (1) Unless specifically denied in the pleadings each signature on an\ninstrument is admitted. When the effectiveness of a signature is put in\nissue\n (a) the burden of establishing it is on the party claiming under\n the signature; but\n (b) the signature is presumed to be genuine or authorized except\n where the action is to enforce the obligation of a purported\n signer who has died or become incompetent before proof is\n required.\n (2) When signatures are admitted or established, production of the\ninstrument entitles a holder to recover on it unless the defendant\nestablishes a defense.\n (3) After it is shown that a defense exists a

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Bradford Trust Co. v. Merrill Lynch, Pierce, Fenner & Smith, Inc.
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160 A.D.2d 104 (Appellate Division of the Supreme Court of New York, 1990)
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172 Misc. 2d 392 (Appellate Terms of the Supreme Court of New York, 1997)

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