New York Statutes
§ 3-406 — Negligence Contributing to Alteration or Unauthorized Signature
Section 3--406. Negligence Contributing to Alteration or Unauthorized\n Signature.\n Any person who by his negligence substantially contributes to a\nmaterial alteration of the instrument or to the making of an\nunauthorized signature is precluded from asserting the alteration or\nlack of authority against a holder in due course or against a drawee or\nother payor who pays the instrument in good faith and in accordance with\nthe reasonable commercial standards of the drawee's or payor's business.\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