California Commercial Code

§ 3104

COM § 3104 Effective Jan 1, 2024Div. 3 · Ch. 1

Statute text

(a)Except as provided in subdivisions (c) and (d), “negotiable instrument” means an unconditional promise or order to pay a fixed amount of money, with or without interest or other charges described in the promise or order, if it is all of the following:

(1)Is payable to bearer or to order at the time it is issued or first comes into possession of a holder.

(2)Is payable on demand or at a definite time.

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Legislative history

Amended by Stats. 2023, Ch. 210, Sec. 11. (SB 95) Effective January 1, 2024.