New York § 8-203 Staleness as Notice of Defect or Defense

New York Statutes

§ 8-203 — Staleness as Notice of Defect or Defense

New York § 8-203

Law UCCUniform Commercial Code

Part 2Issue and Issuer

Art. 8Investment Securities

This text of New York § 8-203 (Staleness as Notice of Defect or Defense) 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 § 8-203 (2026).

Text

Section 8--203. Staleness as Notice of Defect or Defense.\n  After an act or event, other than a call that has been revoked,\ncreating a right to immediate performance of the principal obligation\nrepresented by a certificated security or setting a date on or after\nwhich the security is to be presented or surrendered for redemption or\nexchange, a purchaser is charged with notice of any defect in its issue\nor defense of the issuer, if the act or event:\n  (1) requires the payment of money, the delivery of a certificated\nsecurity, the registration of transfer of an uncertificated security, or\nany of them on presentation or surrender of the security certificate,\nthe money or security is available on the date set for payment or\nexchange, and the purchaser takes the security more than on

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Section 8--203. Staleness as Notice of Defect or Defense.\n After an act or event, other than a call that has been revoked,\ncreating a right to immediate performance of the principal obligation\nrepresented by a certificated security or setting a date on or after\nwhich the security is to be presented or surrendered for redemption or\nexchange, a purchaser is charged with notice of any defect in its issue\nor defense of the issuer, if the act or event:\n (1) requires the payment of money, the delivery of a certificated\nsecurity, the registration of transfer of an uncertificated security, or\nany of them on presentation or surrender of the security certificate,\nthe money or security is available on the date set for payment or\nexchange, and the purchaser takes the security more than one year after\nthat date; or\n (2) is not covered by subsection (1) and the purchaser takes the\nsecurity more than two years after the date set for surrender or\npresentation or the date on which performance became due.\n