673.4121 Obligation of issuer of note or cashier’s check. - Florida Statutes

673.4121 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 ss. 673.1151 and 673.4071.

The obligation is owed to a person entitled to enforce the instrument or to an indorser who paid the instrument under s. 673.4151.

History. s. 2, ch. 92-82.