Wisconsin § 403.412 Obligation of issuer of note or cashier’s check.

Wisconsin Statutes

§ 403.412 — Obligation of issuer of note or cashier’s check.

Wisconsin § 403.412

Ch. 403Uniform commercial code — negotiable instruments

Subch.subch. IV of ch. 403 SUBCHAPTER IV

LIABILITY OF PARTIES

This text of Wisconsin § 403.412 (Obligation of issuer of note or cashier’s check.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 403.412 (2026).

Text

403.412  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 that it was issued or, if not issued, at the time that it first came into possession of a holder or, if the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in ss. 403.115 and 403.407 . The obligation is owed to a person entitled to enforce the instrument or to an endorser who paid the instrument under s. 403.415 .

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403.412 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 that it was issued or, if not issued, at the time that it first came into possession of a holder or, if the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in ss. 403.115 and 403.407 . The obligation is owed to a person entitled to enforce the instrument or to an endorser who paid the instrument under s. 403.415 .