Nev. Rev. Stat. § 104.3412

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 104.3412 - Obligation of issuer of note or cashier's check
1. 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 NRS 104.3115 and 104.3407.
2. The obligation is owed to a person entitled to enforce the instrument or to an endorser who paid the instrument under NRS 104.3415.

NRS 104.3412

Added to NRS by 1965, 829; A 1993, 1283
(Added to NRS by 1965, 829; A 1993, 1283)-(Substituted in revision for NRS 104.3411 )