Section 3-1105 - [Effective Until 7/1/2025] Issue of instrument(1). "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. [1993, c. 293, Pt. A, §2(NEW).]
(2). 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 to fulfill the condition or special purpose is a defense. [1993, c. 293, Pt. A, §2(NEW).]
(3). "Issuer" applies to issued and unissued instruments and means a maker or drawer of an instrument. [1993, c. 293, Pt. A, §2(NEW).]
1993, c. 293, §A2 (NEW) .This section is set out more than once due to postponed, multiple, or conflicting amendments.