Legislation
SECTION 3-121
Instruments Payable at Bank
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 3, PART 1
Section 3--121. Instruments Payable at Bank.
A note or acceptance which states that it is payable at a bank is the
equivalent of a draft drawn on the bank payable when it falls due out of
any funds of the maker or acceptor in current account or otherwise
available for such payment.
A note or acceptance which states that it is payable at a bank is the
equivalent of a draft drawn on the bank payable when it falls due out of
any funds of the maker or acceptor in current account or otherwise
available for such payment.