30-3-413. Obligation of maker.
90 words·~1 min read·
/mt/title-30/chapter-3/part-4/30-3-413·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
30-3-413 . Obligation of maker.
(1)A maker of a note is obliged to pay the note:
(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 maker signed an incomplete instrument, according to its terms when completed as stated in 30-3-115 and 30-3-407 .
(2)The obligation is owed to a person entitled to enforce the note or to an indorser that paid the note pursuant to 30-3-414 .