30-3-108. Payable on demand.
49 words·~1 min read·
/mt/title-30/chapter-3/part-1/30-3-108·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
30-3-108 . Payable on demand. A promise or order is "payable on demand" if:
(1)it states that it is payable on demand or at sight or otherwise indicates that it is payable at the will of the holder; or
(2)it does not state any time of payment.