Obligation of issuer of note or cashier's check - 13 Pa. Cons. Stat. § 3412
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Pennsylvania Statutes
§ 3412. 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 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 if the issuer
signed an incomplete instrument, according to its terms when
completed, to the extent stated in sections 3115 (relating to
incomplete instrument) and 3407 (relating to alteration). The
obligation is owed to a person entitled to enforce the
instrument or to an indorser who paid the instrument under
section 3415 (relating to obligation of indorser).
Section: 3405 3406 3407 3408 3409 3410 3411 3412 3413 3414 3415 3416 3417 3418 3419
Last modified: November 27, 2007
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