Ohio § 1303.52 Obligation of issuer of note or cashier's check - UCC 3-412

Ohio Statutes

§ 1303.52 — Obligation of issuer of note or cashier's check - UCC 3-412

Ohio § 1303.52

Title 13Commercial Transactions

Ch. 1303Commercial Paper

This text of Ohio § 1303.52 (Obligation of issuer of note or cashier's check - UCC 3-412) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1303.52 (2026).

Text

The issuer of a notice or cashier's check or other draft drawn on the drawer is obliged to pay the instrument in accordance with either of the following:

(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;

(B)If the issuer signed an incomplete instrument, according to its terms when completed in accordance with sections1303.11and1303.50of the Revised Code. The obligation is owed to a person entitled to enforce the instrument or to an indorser who paid the instrument under section1303.55of the Revised Code.

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The issuer of a notice or cashier's check or other draft drawn on the drawer is obliged to pay the instrument in accordance with either of the following:

(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;

(B) If the issuer signed an incomplete instrument, according to its terms when completed in accordance with sections1303.11and1303.50of the Revised Code. The obligation is owed to a person entitled to enforce the instrument or to an indorser who paid the instrument under section1303.55of the Revised Code.