Massachusetts General Laws ch. 106 sec. 3-102 – Subject Matter
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Section 3–102. (a) This Article shall apply to negotiable instruments. It shall not apply to money, to payment orders governed by Article 4A, or to securities governed by Article 8.
Terms Used In Massachusetts General Laws ch. 106 sec. 3-102
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
(b) If there is conflict between this Article and Article 4 or 9, Articles 4 and 9 shall govern.
(c) Regulations of the Board of Governors of the Federal Reserve System and operating circulars of the Federal Reserve Banks supersede any inconsistent provision of this Article to the extent of the inconsistency.