{"data":{"id":"us-ny/n.y.-uniform-commercial-code-law-3-207","jurisdiction":"us-ny","citation":"N.Y. Uniform Commercial Code Law § 3-207","heading":"Negotiation Effective Although It May Be Rescinded","body":"Section 3--207. Negotiation Effective Although It May Be Rescinded.\n  (1) Negotiation is effective to transfer the instrument although the\nnegotiation is\n       (a) made by an infant, a corporation exceeding its powers, or any\n           other person without capacity; or\n       (b) obtained by fraud, duress or mistake of any kind; or\n       (c) part of an illegal transaction; or\n       (d) made in breach of duty.\n  (2) Except as against a subsequent holder in due course such\nnegotiation is in an appropriate case subject to rescission, the\ndeclaration of a constructive trust or any other remedy permitted by\nlaw.","path":["Uniform Commercial Code Law","Article 3. Commercial Paper","Part 2. Transfer and Negotiation"],"source_url":"https://legislation.nysenate.gov/api/3/laws/UCC/3-207","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"22af5767f1f9372ca17bc4a1a72e504f2cdebce83f4d7a62f9a590ed68e7f2d3","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-uniform-commercial-code-law-3-206","next":"us-ny/n.y.-uniform-commercial-code-law-3-208"},"notice":"GroundRules: Original legal text. Not legal advice."}