Kan. Stat. § 84-3-412

Current through 2024 Session Acts Chapter 111
Section 84-3-412 - Obligation of issuer of note or cashier's check

The issuer of a note or cashier's check or other draft drawn on the drawer is obliged to pay the instrument (a) according to its terms at the time it was issued or, if not issued, at the time it first came into possession of a holder, or (b) if the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in K.S.A. 84-3-115 and 84-3-407. The obligation is owed to a person entitled to enforce the instrument or to an endorser who paid the instrument under K.S.A. 84-3-415.

K.S.A. 84-3-412

L. 1991, ch. 296, § 49; 2/1/1992.