{"data":{"id":"us-me/11-m.r.s.-3-1412","jurisdiction":"us-me","citation":"11 M.R.S. §3-1412","heading":"Obligation of issuer of note or cashier's check","body":"The issuer of a note or cashier's check or other draft drawn on the drawer is obliged to pay the instrument:\n(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\n(2).   If the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in sections 3‑1115 and 3‑1407.  The obligation is owed to a person entitled to enforce the instrument or to an indorser who paid the instrument under section 3‑1415.","path":["TITLE 11: UNIFORM COMMERCIAL CODE","PART 4: LIABILITY OF PARTIES"],"source_url":"https://legislature.maine.gov/statutes/11/title11sec3-1412.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:25Z","sha256":"4997593e44175532fd48a456aa5f3d4c0b73b7b2abe56cdf2f8364ba86898333","source_id":"us-me","stale":false,"prev":"us-me/11-m.r.s.-3-1411","next":"us-me/11-m.r.s.-3-1413"},"notice":"GroundRules: Original legal text. Not legal advice."}