Me. Stat. tit. 11 § 3-1412

Current through 131st (2023-2024) Legislature Chapter 684
Section 3-1412 - 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: [1993, c. 293, Pt. A, §2(NEW).]

(1). 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

[1993, c. 293, Pt. A, §2(NEW).]

(2). If the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in sections 3-1115 and 3-1407. The obligation is owed to a person entitled to enforce the instrument or to an indorser who paid the instrument under section 3-1415.

[1993, c. 293, Pt. A, §2(NEW).]

11 M.R.S. § 3-1412

1993, c. 293, §A2 (NEW) .