2010 Georgia Code 11-3-412 Case Law
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One Click Case Law for § 11-3-412
O.C.G.A. § 11-3-411 <-- --> O.C.G.A. §11-3-413



2010 Georgia Code

TITLE 11 - COMMERCIAL CODE
ARTICLE 3 - NEGOTIABLE INSTRUMENTS
PART 4 - LIABILITY OF PARTIES
§ 11-3-412 - Obligation of issuer of note or cashier's check

O.C.G.A. 11-3-412 (2010)
11-3-412. 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 (i) according to its terms at the time it was issued or, if the instrument was not issued, at the time it first came into the possession of a holder; or (ii) if the issuer signed an incomplete instrument, according to the instrument's terms when completed, to the extent stated in Code Sections 11-3-115 and 11-3-407. The obligation is owed to a person entitled to enforce the instrument or to an indorser who paid the instrument under Code Section 11-3-415.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com