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New York · Through 2026-09-11

N.Y. Uniform Commercial Code Law § 3-109: Definite Time

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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--109. Definite Time.

(1) An instrument is payable at a definite time if by its terms it is

payable

(a) on or before a stated date or at a fixed period after a

stated date; or

(b) at a fixed period after sight; or

(c) at a definite time subject to any acceleration; or

(d) at a definite time subject to extension at the option of the

holder, or to extension to a further definite time at the

option of the maker or acceptor or automatically upon or

after a specified act or event.

(2) An instrument which by its terms is otherwise payable only upon an

act or event uncertain as to time of occurrence is not payable at a

definite time even though the act or event has occurred.

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

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