N.Y. Uniform Commercial Code Law Section 3-406
Negligence Contributing to Alteration or Unauthorized Signature

Section 3--406. Negligence Contributing to Alteration or Unauthorized Signature. Any person who by his negligence substantially contributes to a material alteration of the instrument or to the making of an unauthorized signature is precluded from asserting the alteration or lack of authority against a holder in due course or against a drawee or other payor who pays the instrument in good faith and in accordance with the reasonable commercial standards of the drawee’s or payor’s business.

Source: Section 3-406 — Negligence Contributing to Alteration or Unauthorized Signature, https://www.­nysenate.­gov/legislation/laws/UCC/3-406 (updated Sep. 22, 2014; accessed Dec. 21, 2024).

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Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 3-406’s source at nysenate​.gov

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