New York § 4-408 Rights and Liabilities of Remitter or Payee With Respect to Cashier's Check, Teller's Check and Certified Check

New York Statutes

§ 4-408 — Rights and Liabilities of Remitter or Payee With Respect to Cashier's Check, Teller's Check and Certified Check

New York § 4-408

Law UCCUniform Commercial Code

Part 4Relationship Between Payor Bank and Its Customer

Art. 4Bank Deposits and Collections

This text of New York § 4-408 (Rights and Liabilities of Remitter or Payee With Respect to Cashier's Check, Teller's Check and Certified Check) 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 § 4-408 (2026).

Text

Section 4--408. Rights and Liabilities of Remitter or Payee With Respect\n                  to Cashier's Check, Teller's Check and Certified\n                  Check.\n  (1) This section applies if a cashier's check, teller's check or\ncertified check is not presented for payment on or before ninety days\nfrom the date of issuance of a cashier's check or teller's check, or the\ndate of certification of a certified check.\n  (2) The remitter or payee that causes payment of a cashier's check,\nteller's check or certified check to be stopped pursuant to Section\n4--403 (2) engages that upon dishonor of the check and any necessary\nnotice of dishonor he will pay, subject to defenses, the amount of the\ncheck to any subsequent holder or indorser who takes it up.\n  (3) When a stop payment order

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Section 4--408. Rights and Liabilities of Remitter or Payee With Respect\n to Cashier's Check, Teller's Check and Certified\n Check.\n (1) This section applies if a cashier's check, teller's check or\ncertified check is not presented for payment on or before ninety days\nfrom the date of issuance of a cashier's check or teller's check, or the\ndate of certification of a certified check.\n (2) The remitter or payee that causes payment of a cashier's check,\nteller's check or certified check to be stopped pursuant to Section\n4--403 (2) engages that upon dishonor of the check and any necessary\nnotice of dishonor he will pay, subject to defenses, the amount of the\ncheck to any subsequent holder or indorser who takes it up.\n (3) When a stop payment order pursuant to Section 4--403 (2) becomes\neffective the obligated bank shall refund the amount of the item to the\nremitter or payee that issued the stop payment order, and shall have no\nfurther liability on the item.\n