New Jersey § 12a:3-407
Full text of New Jersey New Jersey Statutes § 12a:3-407, with citation guidance and answers to common questions.
§ 12a:3-407.
a. “ Alteration ” means an unauthorized change in an instrument that purports to modify in any respect
the obligation of a party, or an unauthorized addition of words or numbers or other
change to an incomplete instrument relating to the obligation of a party. b. Except as provided in subsection c. of this section, an alteration fraudulently
made discharges a party whose obligation is affected by the alteration unless that
party assents or is precluded from asserting the alteration. No other alteration discharges a party, and the instrument may be enforced according
to its original terms. c. A payor bank or drawee paying a fraudulently altered instrument or a person taking
it for value, in good faith and without notice of the alteration, may enforce rights
with respect to the instrument according to its original terms, or in the case of
an incomplete instrument altered by unauthorized completion, according to its terms
as completed.
Frequently Asked Questions About New Jersey § 12a:3-407
What does New Jersey Statutes § 12a:3-407 cover?
Section 12a:3-407 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:3-407?
A common citation format is "New Jersey Statutes § 12a:3-407" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:3-407 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.