Com. Code, § 3407 · Chapter 4. Liability of Parties
Com. Code, § 3407
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) “Alteration” means (1) an unauthorized change in an instrument that purports to modify in any respect the obligation of a party, or (2) 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 subdivision (c), 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 (1) according to its original terms, or (2) in the case of an incomplete instrument altered by unauthorized completion, according to its terms as completed.
Notes and commentary — not statutory text
History
Repealed and added by Stats. 1992, Ch. 914, Sec. 6. Effective January 1, 1993.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=COM§ionNum=3407.
- Text hash
- sha256 8e6471c61bb99f8284e00d64c875386d611c49945a22b2a18c5c0873ce0bbd2d
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 8 provisions
Provisions in this library whose text cites Com. Code, § 3407. Each shows the citation as that text prints it.
Commercial Code
- Com. Code, § 3103Printed as Section 3407
- Com. Code, § 3115Printed as Section 3407
- Com. Code, § 3412Printed as Sections 3115 and 3407
- Com. Code, § 3413Printed as Sections 3115 and 3407
- Com. Code, § 3414Printed as Sections 3115 and 3407
- Com. Code, § 3415Printed as Sections 3115 and 3407
- Com. Code, § 4104Printed as Section 3407
- Com. Code, § 4207Printed as Sections 3115 and 3407
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.