New York Statutes
§ 3-418 — Finality of Payment or Acceptance
Section 3--418. Finality of Payment or Acceptance.\n Except for recovery of bank payments as provided in the Article on\nBank Deposits and Collections (Article 4) and except for liability for\nbreach of warranty on presentment under the preceding section, payment\nor acceptance of any instrument is final in favor of a holder in due\ncourse, or a person who has in good faith changed his position in\nreliance on the payment.\n
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Related
Northern Trust Co. v. Chase Manhattan Bank, N.A.
748 F.2d 803 (Second Circuit, 1984)
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