N.Y. Uniform Commercial Code Law Section 3-117
Instruments Payable With Words of Description

Section 3--117. Instruments Payable With Words of Description. An instrument made payable to a named person with the addition of words describing him (a) as agent or officer of a specified person is payable to his principal but the agent or officer may act as if he were the holder;

(b)

as any other fiduciary for a specified person or purpose is payable to the payee and may be negotiated, discharged or enforced by him;

(c)

in any other manner is payable to the payee unconditionally and the additional words are without effect on subsequent parties.

Source: Section 3-117 — Instruments Payable With Words of Description, https://www.­nysenate.­gov/legislation/laws/UCC/3-117 (updated Sep. 22, 2014; accessed Jan. 25, 2025).

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Accessed:
Jan. 25, 2025

Last modified:
Sep. 22, 2014

§ 3-117’s source at nysenate​.gov

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