673.4121 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:
(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
(2) If the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in ss. 673.1151 and 673.4071.
The obligation is owed to a person entitled to enforce the instrument or to an indorser who paid the instrument under s. 673.4151.
History.—s. 2, ch. 92-82.
Section: Previous 673.4051 673.4061 673.4071 673.4081 673.4091 673.4101 673.4111 673.4121 673.4131 673.4141 673.4151 673.4161 673.4171 673.4181 673.4191 NextLast modified: September 23, 2016