GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2017
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HOUSE BILL DRH40164-MC-83 (02/22)
Short Title: UCC: Accord & Satisfaction Modification. |
(Public) |
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Sponsors: |
Representative Brody. |
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Referred to: |
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A BILL TO BE ENTITLED
AN ACT to modify the provisions of the uniform commercial code applicable to accord and satisfaction by use of instrument.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 25‑3‑311(a) reads as rewritten:
"(a) If a person against
whom a claim is asserted proves that (i) that person in good faith tendered an
instrument to the claimant as full satisfaction of the claim, (ii) the amount
of the claim was unliquidated or subject to a bona fide dispute, and (iii) the
claimant obtained payment of the instrument, instrument or failed to
return the instrument within 90 days of receipt, the following subsections
apply."
SECTION 2. This act becomes effective July 1, 2017, and applies to instruments tendered on or after that date.