{"data":{"id":"us-me/11-m.r.s.-3-1407","jurisdiction":"us-me","citation":"11 M.R.S. §3-1407","heading":"Alteration","body":"(1).   \"Alteration\" means:\n(a).  An unauthorized change in an instrument that purports to modify in any respect the obligation of a party; or\n(b).  An unauthorized addition of words or numbers or other change to an incomplete instrument related to the obligation of a party.\n(2).   Except as provided in subsection (3), an alteration fraudulently made discharges a party whose obligation is affected by the alteration unless that party assents or is precluded from asserting the alteration.  No other alteration discharges a party, 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 it for value, in good faith and without notice of the alteration, may enforce rights with 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, according to its terms as completed.","path":["TITLE 11: UNIFORM COMMERCIAL CODE","PART 4: LIABILITY OF PARTIES"],"source_url":"https://legislature.maine.gov/statutes/11/title11sec3-1407.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:25Z","sha256":"4b24dedf5c2219902d3e759aacd60c25dce58f4d70b8f2b6172dc57f6b8b542e","source_id":"us-me","stale":false,"prev":"us-me/11-m.r.s.-3-1406","next":"us-me/11-m.r.s.-3-1408"},"notice":"GroundRules: Original legal text. Not legal advice."}