| Issue of Instrument - Ucc 3-105(b).

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Effective: August 19, 1994

Latest Legislation: Senate Bill 147 - 120th General Assembly

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 the failure of the condition or special purpose to be fulfilled is a defense.


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