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Amendments to Articles 3 and 4 of the UCC

PURPOSE:
Updates provisions of the UCC dealing with payment by checks and other paper instruments to provide essential rules for the new technologies and practices in payment systems. UCC3/4 was amended in 2002 to keep pace with developments of legal rules in this area.

ORIGIN:
Completed by the Uniform Law Commissioners, in conjunction with the American Law Institute, in 2002.

APPROVED BY:
American Bar Association