Me. Stat. tit. 11 § 3-1105

Current through 131st (2023-2024) Legislature Chapter 647
Section 3-1105 - 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).]

11 M.R.S. § 3-1105

1993, c. 293, §A2 (NEW) .