Negotiable Instruments Act

Negotiable Instruments Act
An attempt to codify the entire field of the law of negotiable instruments. One of the uniform acts. A uniform act specifically repealed by the Uniform Commercial Code. 15 Am J2d Com C § 6. A form of statute promulgated in 1896 by the National Conference of Commissioners on Uniform State Laws, based on the British Bills of Exchange Act of 1882, it being an outgrowth of many years of effort on the part of bar associations, jurists, publicists, bankers, and responsible men of business generally to secure uniformity in the law relating to negotiable instruments. Adopted over a period of about 30 years in all of the states-in the majority of them substantially, if not exactly, in the form promulgated by the commissioners. 11 Am J2d B & N § 41. Presently in force in all states except where it has been superseded by the Uniform Commercial Code.

Ballentine's law dictionary. . 1998.

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