Subject matter.

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  • (1) This chapter applies to negotiable instruments. It does not apply to money, to payment orders governed by Title 70A, Chapter 4a, Uniform Commercial Code - Funds Transfers, or to securities governed by Title 70A, Chapter 8, Uniform Commercial Code - Investment Securities.
  • (2) If there is conflict between this chapter and Title 70A, Chapter 4, Uniform Commercial Code - Bank Deposits and Collections, or Chapter 9a, Uniform Commercial Code - Secured Transactions, Title 70A, Chapter 4, Uniform Commercial Code - Bank Deposits and Collections, or Chapter 9a, Uniform Commercial Code - Secured Transactions, 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 chapter to the extent of the inconsistency.




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