Nevada Commercial Instruments and Transactions

Sec. § 104.3407
Alteration.

1.

“Alteration” means an unauthorized:

(a)

Change in an instrument that purports to modify in any respect the obligation of a party; or

(b)

Addition of words or numbers or other change to an incomplete instrument relating to the obligation of a party.

2.

Except as otherwise provided in subsection 3, 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.

3.

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:

(a)

According to its original terms; or

(b)

In the case of an incomplete instrument altered by unauthorized completion, according to its terms as completed.
Source

Last accessed
Feb. 5, 2021

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