{"data":{"id":"us-ky/krs-355.3-407","jurisdiction":"us-ky","citation":"KRS 355.3-407","heading":"Alteration.","body":"(1) \"Alteration\" means:\n(a) An unauthorized change in an instrument that purports to modify in any\nrespect the obligation of a party; or\n(b) An unauthorized addition of words or numbers or other change to an\nincomplete instrument relating to the obligation of a party.\n(2) Except as provided in subsection (3) of this section, an alteration fraudulently made\ndischarges a party whose obligation is affected by the alteration unless that party\nassents or is precluded from asserting the alteration. No other alteration discharges a\nparty, and the instrument may be enforced according to its original terms.\n(3) A payor bank or drawee paying a fraudulently altered instrument or a person taking\nit for value, in good faith and without notice of the alteration, may enforce rights\nwith respect to the instrument:\n(a) According to its original terms; or\n(b) In the case of an incomplete instrument altered by unauthorized completion,\naccording to its terms as completed.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33477","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:44Z","sha256":"7b55d4055a22dd51836097a3c5810372632b4a3711f6df33d9a3502f12831e7f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.3-406","next":"us-ky/krs-355.3-408"},"notice":"GroundRules: Original legal text. Not legal advice."}