3105 - Issue of instrument. - Pennsylvania Statutes

§ 3105. Issue of instrument. (a) Definition of "issue".--"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) When certain instruments are binding on maker or drawer.--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) Definition of "issuer".--"Issuer" applies to issued and unissued instruments and means a maker or drawer of an instrument. Cross References. Section 3105 is referred to in section 3103 of this title.