Arizona § 47-3412 Obligation of issuer of note or cashier's check

Arizona Statutes

§ 47-3412 — Obligation of issuer of note or cashier's check

Arizona § 47-3412

Title 47Arizona Revised Statutes

Ch. 3NEGOTIABLE INSTRUMENTS

Art. 4Liability of Parties

This text of Arizona § 47-3412 (Obligation of issuer of note or cashier's check) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 47-3412 (2026).

Text

The issuer of a note or cashier's check or other draft drawn on the drawer is obliged to pay the instrument:

1.According to its terms at the time it was issued or, if not issued, at the time it first came into possession of a holder; or

2.If the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in sections 47-3115 and 47-3407. The obligation is owed to a person entitled to enforce the instrument or to an indorser who paid the instrument under section 47-3415.

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The issuer of a note or cashier's check or other draft drawn on the drawer is obliged to pay the instrument:

1. According to its terms at the time it was issued or, if not issued, at the time it first came into possession of a holder; or

2. If the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in sections 47-3115 and 47-3407. The obligation is owed to a person entitled to enforce the instrument or to an indorser who paid the instrument under section 47-3415.