California Statutes

§ 3412. — 3412. (Repealed and added by Stats. 1992, Ch. 914, Sec. 6.)

California § 3412.
JurisdictionCalifornia
Code COMCommercial Code - COM
Div. 3.DIVISION 3. NEGOTIABLE INSTRUMENTS
Ch. 4.CHAPTER 4. Liability of Parties

This text of California § 3412. (3412. (Repealed and added by Stats. 1992, Ch. 914, Sec. 6.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Commercial Code - COM Code § 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 (a) 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 (b) if the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in Sections 3115 and 3407. The obligation is owed to a person entitled to enforce the instrument or to an indorser who paid the instrument under Section 3415.

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Related

Nathaniel Lane v. the Bank of New York Mellon
959 F.3d 1226 (Ninth Circuit, 2020)
13 case citations

Legislative History

Repealed and added by Stats. 1992, Ch. 914, Sec. 6. Effective January 1, 1993.
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California § 3412., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/COM/3412..