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·Title 41 Uniform Commercial Code·Ch. 41-03 Negotiable Instruments

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.

North Dakota § 41-03-49 ((3-412) Obligation of issuer of note or cashier's check) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.