KRS 355.3-412: 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 KRS 355.3-115 and 355.3-407.

The obligation is owed to a person entitled to enforce the instrument or to an indorser

who paid the instrument under KRS 355.3-415.