Colorado § 4-3-412 Obligation of issuer of note or cashier's check

Colorado Statutes

§ 4-3-412 — Obligation of issuer of note or cashier's check

Colorado·Title 04 Uniform·Art. Negotiable Instruments

The issuer of a note
or cashier's check or other draft drawn on the drawer is obliged to pay the
instrument (i) 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 (ii) if the issuer signed an
incomplete instrument, according to its terms when completed, to the extent stated
in sections 4-3-115 and 4-3-407. The obligation is owed to a person entitled to
enforce the instrument or to an indorser who paid the instrument under section 4-3-415.

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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 (i) 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 (ii) if the issuer signed an
incomplete instrument, according to its terms when completed, to the extent stated
in sections 4-3-115 and 4-3-407. The obligation is owed to a person entitled to
enforce the instrument or to an indorser who paid the instrument under section 4-3-415.

Colorado § 4-3-412 (Obligation of issuer of note or cashier's check) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.