{"data":{"id":"us-ky/krs-355.3-105","jurisdiction":"us-ky","citation":"KRS 355.3-105","heading":"Issue of instrument.","body":"(1) \"Issue\" means:\n(a) The first delivery of an instrument by the maker or drawer, whether to a\nholder or nonholder, for the purpose of giving rights on the instrument to any\nperson; or\n(b) If agreed by the payee, the first transmission by the drawer to the payee of an\nimage of an item and information derived from the item that enables the\ndepositary bank to collect the item by transferring or presenting under federal\nlaw an electronic check.\n(2) (a) An unissued instrument, or an unissued incomplete instrument that is\ncompleted, is binding on the maker or drawer, but nonissuance is a defense.\n(b) An instrument that is conditionally issued or is issued for a special purpose is\nbinding on the maker or drawer, but failure of the condition or special purpose\nto be fulfilled is a defense.\n(3) \"Issuer\" applies to issued and unissued instruments and means a maker or drawer of\nan instrument.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=55645","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:43Z","sha256":"a99710ecc4982140ee6e9ac2908daf2efafbf84ee9a27802306b1ead1510f58f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.3-104","next":"us-ky/krs-355.3-106"},"notice":"GroundRules: Original legal text. Not legal advice."}