North Dakota § 41-03-49 (3-412) Obligation of issuer of note or cashier's check

North Dakota Statutes

§ 41-03-49 — (3-412) Obligation of issuer of note or cashier's check

North Dakota § 41-03-49

Title 41Uniform Commercial Code

Ch. 41-03Negotiable Instruments

This text of North Dakota § 41-03-49 ((3-412) Obligation of issuer of note or cashier's check) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 41-03-49 (2026).

Text

The issuer of a note or cashier's check or other draft drawn on the drawer is obliged to pay
the instrument 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, if the issuer signed an incomplete instrument, according to
its terms when completed as stated in sections 41-03-15 and 41-03-42. The obligation is owed
to a person entitled to enforce the instrument or to an endorser that paid the instrument under
section 41-03-52.

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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 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, if the issuer signed an incomplete instrument, according to
its terms when completed as stated in sections 41-03-15 and 41-03-42. The obligation is owed
to a person entitled to enforce the instrument or to an endorser that paid the instrument under
section 41-03-52.