Montana § 30-3-413 Obligation Of Maker

Montana Statutes

§ 30-3-413 — Obligation Of Maker

Montana·Title 30 TRADE AND COMMERCE·Ch. 3 UNIFORM COMMERCIAL CODE NEGOTIABLE INSTRUMENTS·Part 4 Liability of Parties

30-3-413 . Obligation of maker.

(1)A maker of a note is obliged to pay the note:

(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 maker signed an incomplete instrument, according to its terms when completed as stated in 30-3-115 and 30-3-407 .

(2)The obligation is owed to a person entitled to enforce the note or to an indorser that paid the note pursuant to 30-3-414 .

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30-3-413 . Obligation of maker. (1) A maker of a note is obliged to pay the note:
(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 maker signed an incomplete instrument, according to its terms when completed as stated in 30-3-115 and 30-3-407 .
(2) The obligation is owed to a person entitled to enforce the note or to an indorser that paid the note pursuant to 30-3-414 .

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