GroundRules
← Search the law
District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 28:3-412: Obligation of issuer of note or cashier’s check.

Read at publisher ↗
Where this section sits in the code
  1. Title 28. Commercial Instruments and Transactions. [Enacted title]
  2. Subtitle I. Uniform Commercial Code.
  3. Article 3. Negotiable Instruments.
  4. Part IV. Liability of Parties.

The issuer of a note or cashier’s check or other draft drawn on the drawer is obliged to pay the instrument (i) 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 (ii) if the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in sections 28:3-115 and 28:3-407 . The obligation is owed to a person entitled to enforce the instrument or to an indorser who paid the instrument under section 28:3-415 .

Collected 2026-08-29T05:44:07Z. Source file · JSON

Browse this collection