§ 3108. Payable on demand or at definite time
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial Code
13 Pa.C.S.A. § 3108
§ 3108. Payable on demand or at definite time
(b) Payable at a definite time.--A promise or order is “payable at a definite time” if it is payable on elapse of a definite period of time after sight or acceptance or at a fixed date or dates or at a time or times readily ascertainable at the time the promise or order is issued, subject to rights of:
(c) Payable upon demand made before fixed date.--If an instrument, payable at a fixed date, is also payable upon demand made before the fixed date, the instrument is payable on demand until the fixed date and, if demand for payment is not made before that date, becomes payable at a definite time on the fixed date.
Credits
1992, July 9, P.L. 507, No. 97, § 5, effective in one year.
13 Pa.C.S.A. § 3108, PA ST 13 Pa.C.S.A. § 3108
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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