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New York · Through 2026-09-11

N.Y. Uniform Commercial Code Law § 3-107: Money

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Where this section sits in the code
  1. Uniform Commercial Code Law
  2. Article 3. Commercial Paper
  3. Part 1. Short Title, Form and Interpretation

Section 3--107. Money.

(1) An instrument is payable in money if the medium of exchange in

which it is payable is money at the time the instrument is made. An

instrument payable in "currency" or "current funds" is payable in money.

(2) A promise or order to pay a sum stated in a foreign currency is

for a sum certain in money and may be satisfied by payment of that

number of dollars which the stated foreign currency will purchase at the

buying sight rate for that currency on the day on which the instrument

is payable, or, if payable on demand, on the day of demand.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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