Is there a Federal Statute that overrides the UCC Negotiable instruments part (Article 3)?
It’s entirely possible, given that the UCC is intended to make state laws uniform. It necessarily has to conform to applicable federal law and doubtless there are times that changes are needed — or have to be resolved in court. Your question is not specific enough to know what you’re getting at, but the federal government does regulate banks and essentially governs the banking system — and those laws have been altered significantly to reflect the electronic nature of most transactions.The answer isn’t as simple as your think it is. The UCC is not intended to conflict with federal laws, but if it’s considered to be a federal question, the federal law will override whatever you think the UCC says. When it comes to banks if they comply with federal law they are acting in food faith in every instance, even when it seems stupid. Your problem is that the question of how to interpret the UCC must be tried in a state court — and being a civil action, you have to be a moving party and sue. I
