27.2503 Adoption of Uniform Negotiable Instruments Law.

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The Uniform Negotiable Instruments Law as proposed by the National Conference of Commissioners on Uniform State Laws and as construed by a majority of the courts in the United States, rather than the common law of England, shall govern those commercial transactions to which it is applicable.

History: 1962, PL 7-23; 1968, PL 10-66.