South Dakota Statutes

§ 57A-3-103 — Definitions.

South Dakota·Title 57A UNIFORM COMMERCIAL CODE·Ch. 57A NEGOTIABLE INSTRUMENTS
(a)In this chapter:
(1)"Acceptor" means a drawee who has accepted a draft.
(2)"Drawee" means a person ordered in a draft to make payment.
(3)"Drawer" means a person who signs or is identified in a draft as a person ordering payment.
(4)(Reserved.) (5) "Maker" means a person who signs or is identified in a note as a person undertaking to pay.
(6)"Order" means 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 instructed to pay.
(7)"Ordinary care" in the case of a person engaged in bu

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Legislative History

SL 1994, ch 367, § 3-103; SL 2008, ch 259, § 35.

Nearby Sections

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