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PROPOSED REVISIONS TO ARTICLES 3 AND 4 [i] (COUNCIL DRAFT NO. 1, November 8, 2001)

handle is hein.ali/alicc0311 and id is 1 raw text is: This document, as of the date it was printed, had not been considered by the Council or membership of The American Law Institute, and therefore does not represent the position of the Institute on any of the issues with which it deals. The American Law Institute UNIFORM COMMERCIAL CODE PROPOSED REVISIONS TO ARTICLES 3 AND 4 NEGOTIABLE INSTRUMENTS; BANK DEPOSITS AND COLLECTIONS Council Draft No. I (November 8,2001) Mateials Included: Proposed Revisions to Articles 3 and 4 Redline Version Comparing Changes from Current Articles 3 and 4 Submitted to the meeting of the Council of The American Law Institute on December 5 (at 10:00 a.n.), 6, and 7, 2001, in the Grande Paris Ballroom of The Sofitel, 45 West 44th Street, New York, New York. This Draft is scheduled for discussion on Wednesday, December 5, at 4:00 p.m. The Executive Office The American Law Institute 4025 Chestnut Street Philadelphia Pennsylvania 19104-3099 National Conference of Commissioners on Unilbrm State Laws 211 East Ontario Street Suite 1300 Chicago, Illinois 60611