California · Commercial Code

COM §3102: (a) This division applies to negotiable instruments.

What this law says, in plain English

This division establishes rules that apply to negotiable instruments, which are documents representing monetary value that can be transferred between parties.

Read the full statutory text

(a) This division applies to negotiable instruments. It does not apply to money, to payment orders governed by Division 11 (commencing with Section 11101), or to securities governed by Division 8 (commencing with Section 8101). (b) If there is conflict between this division and Division 4 (commencing with Section 4101) or Division 9 (commencing with Section 9101), Divisions 4 and 9 govern. (c) 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 division to the extent of the inconsistency.

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