O.C.G.A.

O.C.G.A. § 11-3-102 (2019)

Subject matter

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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(a) This article applies to negotiable instruments. It does not apply to money, to payment orders governed by Article 4A of this title, or to securities governed by Article 8 of this title.

(b) If there is conflict between this article and Article 4 or 9 of this title, Articles 4 and 9 of this title govern.

(c) Regulations of the Board of Governors of the Federal Reserve System and operating circulars of the federal reserve banks supersede any inconsistent provision of this article to the extent of the inconsistency.

History

Code 1981, § 11-3-102, enacted by Ga. L. 1996, p. 1306, § 3; Ga. L. 2002, p. 415, § 11.

Annotations

Law reviews. For review of 1996 commercial code legislation, see 13 Ga. St. U.L. Rev. 41 (1996).

RESEARCH REFERENCES Am. Jur. 2d. 11 Am. Jur. 2d, Bills and Notes, §§ 13, 15, 26. 68A Am. Jur. 2d, Secured Transactions, § 14. C.J.S. 10 C.J.S., Bills and Notes, § 2 et seq. U.L.A. Uniform Commercial Code (U.L.A.) § 3102. ALR. Title to commercial paper deposited by the customer of a bank to his account, 16 A.L.R. 1084; 42 A.L.R. 492; 68 A.L.R. 725; 99 A.L.R. 486. Trust in proceeds of collections made by charging debtor’s account in collecting bank, 24 A.L.R. 1152; 42 A.L.R. 754; 47 A.L.R. 761; 77 A.L.R. 473.

Estoppel by delay, after knowledge, in disclosing forgery of commercial paper, 25 A.L.R. 177; 50 A.L.R. 1374. Clearing-house transactions as payment or acceptance of checks, 30 A.L.R. 1028. Duty of bank to prior parties to the paper to apply deposit to credit of endorser on paper owned by bank, 37 A.L.R. 578. Renewal of bill or note as precluding defenses available against the original, 41 A.L.R. 963. Effect of Negotiable Instruments Act on statute invalidating instrument given for gambling consideration, 46 A.L.R. 959.

Notes of Decisions

Cited in 4 cases, 1984–1996 · leading case: Thogerson v. State, 479 S.E.2d 463 (Ga. Ct. App. 1996).

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Thogerson v. State, 479 S.E.2d 463 (Ga. Ct. App. 1996). · cites it 4× “” Former OCGA § 11-3-102 (1), (2). Moreover, the definitions applicable to this article taken from other portions of the UCC are specifically enumerated.”

Ford Motor Credit Co. v. Sullivan, 318 S.E.2d 188 (Ga. Ct. App. 1984). · cites it 2× “” OCGA § 11-3-102 (e). The lease which is the subject of the instant appeal is not a negotiable instrument within the meaning of OCGA § 11-3-104.”

Georgia Casulaty & Sur. Co. v. Tennille Banking Co. (In Re Smith), 51 B.R. 904 (Bankr. M.D. Ga. 1985). · cites it 2× “See also O.C.G.A. § 11-3-102(3) and § 11-4-301(4) (Michie 1982).”

Yarbrough v. Magbee Bros. Lumber & Supply Co., 375 S.E.2d 471 (Ga. Ct. App. 1988). · cites it 2× “In pertinent part, it provides: “ ‘Collection guaranteed’ or equivalent words added to a signature mean that the signer engages that if the instrument is not paid when due he will pay it according to its tenor, but only after the holder has reduced his claim against the maker or…”

— 11-3-102(3) — 1 case

Georgia Casulaty & Sur. Co. v. Tennille Banking Co. (In Re Smith), 51 B.R. 904 (Bankr. M.D. Ga. 1985). “See also O.C.G.A. § 11-3-102(3) and § 11-4-301(4) (Michie 1982).”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.