SB 279 - Taylor, Larry
Adds demand drafts to certain transfer and presentment warranties in the Uniform Commercial Code
Bill Details
Sponsor
LR Number
1228S.01T
Title
SB 279
House Handler
Journal Page
N/A
Effective Date
August 28, 2005
Current Status
Signed by Governor
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 279 – This act modifies provisions of the Uniform Commercial Code relating to negotiable instruments and bank deposits and collections. Transfer warranties and presentment warranties for negotiable instruments and bank deposits and collections will apply to demand drafts. The person submitting the demand draft warrants that creation of the demand draft was authorized by the person identified as the maker of the check.
JIM ERTLE