Pennsylvania Statutes

§ 3103 — Definitions and index of definitions

Pennsylvania·Title 13 COMMERCIAL CODE·Ch. 31 GENERAL PROVISIONS AND DEFINITIONS
(a)Definitions.--The following words and phrases when used in this division shall have the meanings given to them in this subsection: "Acceptor."A drawee who has accepted a draft. "Drawee."A person ordered in a draft to make payment. "Drawer."A person who signs or is identified in a draft as a person ordering payment. "Good faith."(Deleted by amendment). "Maker."A person who signs or is identified in a note as a person undertaking to pay. "Order."A written instruction to pay money signed by the person giving the instruction. The instruction may be addressed to any person, including the person giving the instruction, or to one or more persons jointly or in the alternative but not in succession. An authorization to pay is not an order unless the person authorized to pay is also instru

Free access — add to your briefcase to read the full text and ask questions with AI

Pennsylvania § 3103 (Definitions and index of definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(June 8, 2001, P.L.123, No.18, eff. July 1, 2001; Apr. 16, 2008, P.L.57, No.13, eff. 60 days) 2008 Amendment.Act 13 amended the def. of "prove" and deleted the def. of "good faith" in subsec. (a). 2001 Amendment.Act 18 amended subsec. (a) intro. par. Cross References.Section 3103 is referred to in sections 4104, 9102 of this title.

Nearby Sections

15
View on official source ↗