Chapter 25 - Negotiable Instruments

Chapter 25 - Negotiable Instruments

27.2501 Legal tender.

The currency of the United States of America, at its face value, shall be the only legal tender in American Samoa for the payment of public and private debts and obligations.

27.2502 Government checks negotiable at par.

(a) All checks drawn upon the Treasurer by the government are negotiable at par.

(b) Any person within the limits of American Samoa who charges a fee for cashing a check of the government shall be fined not more than $100.

27.2503 Adoption of Uniform Negotiable Instruments Law.

The Uniform Negotiable Instruments Law as proposed by the National Conference of Commissioners on Uniform State Laws and as construed by a majority of the courts in the United States, rather than the common law of England, shall govern those commercial transactions to which it is applicable.