(1) This article applies to negotiable instruments. It does not apply to money, to payment orders governed by Article 4A of this chapter, or to securities governed by Article 8 of this chapter.
(2) If there is conflict between this article and Article 4 or 9 of this chapter, Articles 4 and 9 of this chapter govern.
(3) 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.