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Code · Kansas · Kansas Statutes

16a-3-307. (UCCC) Certain negotiable instruments prohibited.

57 words·~1 min read·/ks/16a-3-307

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16a-3-307.
(UCCC)Certain negotiable instruments prohibited. With respect to a consumer credit sale or consumer lease, the creditor shall only accept currently dated negotiable instruments as evidence of the obligation of the buyer or lessee. For purposes of this section, a creditor shall not make the consumer credit sale contract or consumer lease contract a negotiable instrument.
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