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  • SECTION 3-417
    Warranties on Presentment and Transfer
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  • PART 4
    Liability of Parties
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  • SECTION 3-419
    Conversion of Instrument; Innocent Representative
    • Viewing most recent revision (from 2014-09-22)

    SECTION 3-418

    Finality of Payment or Acceptance

    Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 3, PART 4

    Section 3--418. Finality of Payment or Acceptance.

    Except for recovery of bank payments as provided in the Article on
    Bank Deposits and Collections (Article 4) and except for liability for
    breach of warranty on presentment under the preceding section, payment
    or acceptance of any instrument is final in favor of a holder in due
    course, or a person who has in good faith changed his position in
    reliance on the payment.