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§3-1104
Title 11: UNIFORM COMMERCIAL CODE
Article 3-A: NEGOTIABLE INSTRUMENTS
Part 1: GENERAL PROVISIONS AND DEFINITIONS
§3-1106

§3-1105. Issue of instrument

(1).  "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.  
[PL 1993, c. 293, Pt. A, §2 (NEW).]
(2).  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 to fulfill the condition or special purpose is a defense.  
[PL 1993, c. 293, Pt. A, §2 (NEW).]
(3).  "Issuer" applies to issued and unissued instruments and means a maker or drawer of an instrument.  
[PL 1993, c. 293, Pt. A, §2 (NEW).]
SECTION HISTORY
PL 1993, c. 293, §A2 (NEW).
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