Colorado § 4-3-105 Issue of instrument

Colorado Statutes

§ 4-3-105 — Issue of instrument

Colorado § 4-3-105

Title 04Uniform

Art.Negotiable Instruments

This text of Colorado § 4-3-105 (Issue of instrument) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 4-3-105 (2026).

Text

(a)Issue means:

(1)The first delivery of an instrument by the maker or drawer, whether to a holder or nonholder, for the purpose of giving rights on the instrument to any person; or

(2)If agreed by the payee, the first transmission by the drawer to the payee of an image of an item and information derived from the item that enables the depositary bank to collect the item by transferring or presenting under federal law an electronic check.

(b)An unissued instrument, or an unissued incomplete instrument that is completed, is binding on the maker or drawer, but nonissuance is a defense. An instrument that is conditionally issued or is issued for a special purpose is binding on the maker or drawer, but failure of the condition or special purpose to be fulfilled is a defense. (c

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(a) Issue means:

(1) The first delivery of an instrument by the maker or drawer, whether to a
holder or nonholder, for the purpose of giving rights on the instrument to any
person; or

(2) If agreed by the payee, the first transmission by the drawer to the payee
of an image of an item and information derived from the item that enables the
depositary bank to collect the item by transferring or presenting under federal law
an electronic check.

(b) An unissued instrument, or an unissued incomplete instrument that is
completed, is binding on the maker or drawer, but nonissuance is a defense. An
instrument that is conditionally issued or is issued for a special purpose is binding
on the maker or drawer, but failure of the condition or special purpose to be
fulfilled is a defense.

(c) Issuer applies to issued and unissued instruments and means a maker
or drawer of an instrument.

Legislative History

Source: L. 94: Entire article R&RE, p. 844, � 1, effective January 1, 1995. L. 2023: (a) amended, (SB 23-090), ch. 136, p. 531, � 21, effective August 7.