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Kentucky Revised Statutes

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Statutes Last Updated July 23, 2012

Includes Enactments through the 2012 Extraordinary Session
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KRS Chapter 355.03


Part 1. General Provisions and Definitions

  • .101   Short title.

  • .102   Subject matter.

  • .103   Definitions.

  • .104   Negotiable instrument.

  • .105   Issue of instrument.

  • .106   Unconditional promise or order.

  • .107   Instrument payable in foreign money.

  • .108   Payable on demand or at definite time.

  • .109   Payable to bearer or order.

  • .110   Identification of person to whom instrument is payable.

  • .111   Place of payment.

  • .112   Interest.

  • .113   Date of instrument.

  • .114   Contradictory terms of instrument.

  • .115   Incomplete instrument.

  • .116   Joint and several liability -- Contribution.

  • .117   Other agreements affecting instrument.

  • .118   Statute of limitations.

  • .119   Notice of right to defend action.

  • .120   Repealed, 1997.

  • .121   Repealed, 1997.

  • .122   Repealed, 1997.

  • Part 2. Negotiation, Transfer, and Indorsement

  • .201   Negotiation.

  • .202   Negotiation subject to rescission.

  • .203   Transfer of instrument -- Rights acquired by transfer.

  • .204   Indorsement.

  • .205   Special indorsement -- Blank indorsement -- Anomalous indorsement.

  • .206   Restrictive indorsement.

  • .207   Reacquisition.

  • .208   Repealed, 1997.

  • Part 3. Enforcement of Instruments

  • .301   Person entitled to enforce instrument.

  • .302   Holder in due course.

  • .303   Value and consideration.

  • .304   Overdue instrument.

  • .305   Defenses and claims in recoupment.

  • .306   Claims to an instrument.

  • .307   Notice of breach of fiduciary duty.

  • .308   Proof of signatures and status as holder in due course.

  • .309   Enforcement of lost, destroyed, or stolen instrument.

  • .310   Effect of instrument on obligation for which taken.

  • .311   Accord and satisfaction by use of instrument.

  • .312   Lost, destroyed, or stolen cashier's check, teller's check, or certified check.

  • Part 4. Liability of Parties

  • .401   Signature.

  • .402   Signature by representative.

  • .403   Unauthorized signature.

  • .404   Impostors -- Fictitious payees.

  • .405   Employer's responsibility for fraudulent indorsement by employee.

  • .406   Negligence contributing to forged signature or alteration of instrument.

  • .407   Alteration.

  • .408   Drawee not liable on unaccepted draft.

  • .409   Acceptance of draft -- Certified check.

  • .410   Acceptance varying draft.

  • .411   Refusal to pay cashier's checks, teller's checks, and certified checks.

  • .412   Obligation of issuer of note or cashier's check.

  • .413   Obligation of acceptor.

  • .414   Obligation of drawer.

  • .415   Obligation of indorser.

  • .416   Transfer warranties.

  • .417   Presentment warranties.

  • .418   Payment or acceptance by mistake.

  • .419   Instruments signed for accommodation.

  • .420   Conversion of instrument.

  • Part 5. Dishonor

  • .501   Presentment.

  • .502   Dishonor.

  • .503   Notice of dishonor.

  • .504   Excused presentment and notice of dishonor.

  • .505   Evidence of dishonor.

  • .506   Repealed, 1997.

  • .507   Repealed, 1997.

  • .508   Repealed, 1997.

  • .509   Repealed, 1997.

  • .510   Repealed, 1997.

  • .511   Repealed, 1997.

  • Part 6. Discharge and Payment

  • .601   Discharge and effect of dishonor.

  • .602   Payment.

  • .603   Tender of payment.

  • .604   Discharge by cancellation or renunciation.

  • .605   Discharge of secondary obligors.

  • .606   Repealed, 1997.

  • Part 7. Advice of International Sight Draft

  • .701   Repealed, 1998, retroactive to January 1, 1997.

  • Part 8. Miscellaneous

  • .801   Repealed, 1998, retroactive to January 1, 1997.

  • .802   Repealed, 1998, retroactive to January 1, 1997.

  • .803   Repealed, 1998, retroactive to January 1, 1997.

  • .804   Repealed, 1998, retroactive to January 1, 1997.

  • .805   Repealed, 1998, retroactive to January 1, 1997.

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