NEGOTIABLE INSTRUMENTS

M.G.L. c. 106, § Article 3

in effect

c. 106, § Article 3. NEGOTIABLE INSTRUMENTS Section 3-101 Short title Section 3-102 Subject Matter Section 3-103 Definitions Section 3-104 Negotiable Instrument Section 3-105 Issue of Instrument Section 3-106 Unconditional Promise or Order Section 3-107 Instrument Payable in Foreign Money Section 3-108 Payable on Demand or at Definite Time Section 3-109 Payable to Bearer or to Order Section 3-110 Identification of Person to Whom Instrument is Payable Section 3-111 Place of Payment Section 3-112 Interest Section 3-113 Date of Instrument Section 3-114 Contradictory Terms of Instrument Section 3-115 Incomplete Instrument Section 3-116 Joint and Several Liability; Contribution Section 3-117 Other Agreements Affecting Instrument Section 3-118 Statute of Limitations Section 3-119 Notice of Right to Defend Action Section 3-201 Negotiation Section 3-202 Negotiation Subject to Rescission Section 3-203 Transfer of Instrument; Rights Acquired by Transfer Section 3-204 Indorsement Section 3-205 Special Indorsement; Blank Indorsement; Anomalous Indorsement Section 3-206 Restrictive Indorsement Section 3-207 Reacquisition Section 3-301 Person Entitled to Enforce Instrument Section 3-302 Holder in Due Course Section 3-303 Value and Consideration Section 3-304 Overdue Instrument Section 3-305 Defenses and Claims in Recoupment Section 3-306 Claims to an Instrument Section 3-307 Notice of Breach of Fiduciary Duty Section 3-308 Proof of Signatures and Status as Holder in Due Course Section 3-309 Enforcement of Lost, Destroyed, or Stolen Instrument Section 3-310 Effect of Instrument on Obligation for which Taken Section 3-311 Accord and Satisfaction by Use of Instrument Section 3-312 Lost, Destroyed, or Stolen Cashier's Check, Teller's Check, or Certified Check Section 3-401 Signature Section 3-402 Signature by Representative Section 3-403 Unauthorized Signature Section 3-404 Impostors; Fictitious Payees Section 3-405 Employer's Responsibility for Fraudulent Indorsement by Employee Section 3-406 Negligence Contributing to Forged Signature or Alteration of Instrument Section 3-407 Alteration Section 3-408 Drawee not Liable on Unaccepted Draft Section 3-409 Acceptance of Draft; Certified Check Section 3-410 Acceptance Varying Draft Section 3-411 Refusal to Pay Cashier's Checks, Teller's Checks, and Certified Checks Section 3-412 Obligation of Issuer of Note or Cashier's Check Section 3-413 Obligation of Acceptor Section 3-414 Obligation of Drawer Section 3-415 Obligation of Indorser Section 3-416 Transfer Warranties Section 3-417 Presentment Warranties Section 3-418 Payment or Acceptance by Mistake Section 3-419 Instruments Signed for Accommodation Section 3-420 Conversion of Instrument Section 3-501 Presentment Section 3-502 Dishonor Section 3-503 Notice of Dishonor Section 3-504 Excused Presentment and Notice of Dishonor Section 3-505 Evidence of Dishonor Section 3-601 Discharge and Effect of Discharge Section 3-602 Payment Section 3-603 Tender of Payment Section 3-604 Discharge by Cancellation or Renunciation Section 3-605 Discharge of Indorsers and Accommodation Parties

Source: Massachusetts General Court (malegislature.gov)URL: https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter106/Article3Fetched: 10/20/2026