TITLE 6A
Uniform Commercial Code
CHAPTER 6A-3
Negotiable Instruments
PART 6A-3-101
General Provisions And Definitions
SECTION 6A-3-105
§ 6A-3-105 Issue of instrument.
(a) "Issue" means the first delivery of an instrument by the maker or drawer,
whether to a holder or nonholder, for the purpose of giving rights on the
instrument to any person.
(b) An unissued instrument, or an unissued incomplete
instrument that is completed, is binding on the maker or drawer, but
nonissuance is a defense. An instrument that is conditionally issued or is
issued for a special purpose is binding on the maker or drawer, but failure of
the condition or special purpose to be fulfilled is a defense.
(c) "Issuer" applies to issued and unissued instruments and
means a maker or drawer of an instrument.
History of Section.
(P.L. 2000, ch. 238, § 3; P.L. 2000, ch. 421, § 3.)