Minnesota § 336.3-412 336.3-412 OBLIGATION OF ISSUER OF NOTE OR CASHIER'S CHECK.

Minnesota Statutes

§ 336.3-412 — 336.3-412 OBLIGATION OF ISSUER OF NOTE OR CASHIER'S CHECK.

Minnesota § 336.3-412

PartTRADE REGULATIONS, CONSUMER PROTECTION

Ch. 336UNIFORM COMMERCIAL CODE

This text of Minnesota § 336.3-412 (336.3-412 OBLIGATION OF ISSUER OF NOTE OR CASHIER'S CHECK.) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 336.3-412 (2026).

Text

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 sections336.3-115and336.3-407. The obligation is owed to a person entitled to enforce the instrument or to an endorser who paid the instrument under section336.3-415.

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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 sections336.3-115and336.3-407. The obligation is owed to a person entitled to enforce the instrument or to an endorser who paid the instrument under section336.3-415.