New York Statutes
§ 3-405 — Impostors; Signature in Name of Payee
New York § 3-405
This text of New York § 3-405 (Impostors; Signature in Name of Payee) 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 § 3-405 (2026).
Text
Section 3--405. Impostors; Signature in Name of Payee.\n (1) An indorsement by any person in the name of a named payee is\neffective if\n (a) an impostor by use of the mails or otherwise has induced the\n maker or drawer to issue the instrument to him or his\n confederate in the name of the payee; or\n (b) a person signing as or on behalf of a maker or drawer intends\n the payee to have no interest in the instrument; or\n (c) an agent or employee of the maker or drawer has supplied him\n with the name of the payee intending the latter to have no\n such interest.\n (2) Nothing in this section shall affect the criminal or civil\nliability of the person so indorsing.\n
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Related
Prudential-Bache Securities, Inc. v. Citibank, N. A.
536 N.E.2d 1118 (New York Court of Appeals, 1989)
Getty Petroleum Corp. v. American Express Travel Related Services Co.
683 N.E.2d 311 (New York Court of Appeals, 1997)
Rose Lee Mfg., Inc. v. Chemical Bank
149 Misc. 2d 638 (New York Supreme Court, 1990)
Himrod St. Assoc., L.P. v. Andrews
2024 NY Slip Op 50312(U) (NYC Civil Court, Kings, 2024)
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 InstrumentsCite This Page — Counsel Stack
Bluebook (online)
New York § 3-405, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/UCC/3-405.