Subject Matter

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  1. This article applies to negotiable instruments. It does not apply to money, to payment orders governed by Article 4A of this title, or to securities governed by Article 8 of this title.
  2. If there is conflict between this article and Article 4 or 9 of this title, Articles 4 and 9 of this title govern.
  3. Regulations of the Board of Governors of the Federal Reserve System and operating circulars of the federal reserve banks supersede any inconsistent provision of this article to the extent of the inconsistency.

(Code 1981, §11-3-102, enacted by Ga. L. 1996, p. 1306, § 3; Ga. L. 2002, p. 415, § 11.)

The 2002 amendment, effective April 18, 2002, part of an Act to revise, modernize, and correct the Code, revised capitalization in subsection (c).

Law reviews.

- For review of 1996 commercial code legislation, see 13 Ga. St. U.L. Rev. 41.

RESEARCH REFERENCES

Am. Jur. 2d.

- 11 Am. Jur. 2d, Bills and Notes, §§ 13, 15, 26. 68A Am. Jur. 2d, Secured Transactions, § 14.

C.J.S.

- 10 C.J.S., Bills and Notes, § 2 et seq.

U.L.A.

- Uniform Commercial Code (U.L.A.) § 3-102.

ALR.

- Title to commercial paper deposited by the customer of a bank to his account, 16 A.L.R. 1084; 42 A.L.R. 492; 68 A.L.R. 725; 99 A.L.R. 486.

Trust in proceeds of collections made by charging debtor's account in collecting bank, 24 A.L.R. 1152; 42 A.L.R. 754; 47 A.L.R. 761; 77 A.L.R. 473.

Estoppel by delay, after knowledge, in disclosing forgery of commercial paper, 25 A.L.R. 177; 50 A.L.R. 1374.

Clearing-house transactions as payment or acceptance of checks, 30 A.L.R. 1028.

Duty of bank to prior parties to the paper to apply deposit to credit of endorser on paper owned by bank, 37 A.L.R. 578.

Renewal of bill or note as precluding defenses available against the original, 41 A.L.R. 963.

Effect of Negotiable Instruments Act on statute invalidating instrument given for gambling consideration, 46 A.L.R. 959.


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