104.3412 - Obligation of issuer of note or cashier’s check. - Nevada Statutes

104.3412  Obligation of issuer of note or cashier’s check.

      1.  The issuer of a note or cashier’s check or other draft drawn on the drawer is obliged to pay the instrument:

      (a) 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

      (b) If the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in NRS 104.3115 and 104.3407.

      2.  The obligation is owed to a person entitled to enforce the instrument or to an endorser who paid the instrument under NRS 104.3415.

      (Added to NRS by 1965, 829; A 1993, 1283)—(Substituted in revision for NRS 104.3411)