§ 34.1-3-409 — Acceptance of draft; certified check

Wyoming § 34.1-3-409

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 3: NEGOTIABLE INSTRUMENTS

Text

(a) "Acceptance" means the drawee's signed agreement to
pay a draft as presented. It must be written on the draft and
may consist of the drawee's signature alone. Acceptance may be
made at any time and becomes effective when notification
pursuant to instructions is given or the accepted draft is
delivered for the purpose of giving rights on the acceptance to
any person.
(b) A draft may be accepted although it has not been
signed by the drawer, is otherwise incomplete, is overdue, or
has been dishonored.
(c) If a draft is payable at a fixed period after sight
and the acceptor fails to date the acceptance, the holder may
complete the acceptance by supplying a date in good faith.
(d) "Certified check" means a check accepted by the bank
on which it is drawn. Acceptance may be made as stated in
subsection (a) or by a writing on the check which indicates that
the check is certified. The drawee of a check has no obligation
to certify the check, and refusal to certify is not dishonor of
the check.