Va. Code § 8.3A-105

Current with changes from the 2024 Special Session I, ch. 2
Section 8.3A-105 - [Effective Until 7/1/2025] Issue of instrument
(a) "Issue" means the first delivery of an instrument by the maker or drawer, whether to a holder or nonholder, for the purpose of giving rights on the instrument to any person.
(b) An unissued instrument, or an unissued incomplete instrument that is completed, is binding on the maker or drawer, but nonissuance is a defense. An instrument that is conditionally issued or is issued for a special purpose is binding on the maker or drawer, but failure of the condition or special purpose to be fulfilled is a defense.
(c) "Issuer" applies to issued and unissued instruments and means a maker or drawer of an instrument.

Va. Code § 8.3A-105

Code 1950, §§ 6-368, 6-380, 6-410, 6-411, 6-544; 1964, c. 219, §§ 8.3-102, 8.3-306; 1992, c. 693.
Amended by Acts 1992, § c.693.
Amended by Acts 1964, § c. 219, 8.3-102, 8.3-306.
This section is set out more than once due to postponed, multiple, or conflicting amendments.