Colorado Code
Part 4 - Liability of Parties
§ 4-3-413. Obligation of Acceptor



Source: L. 94: Entire article R&RE, p. 867, § 1, effective January 1, 1995.
Editor's note: This section is similar to former § 4-3-413 as it existed prior to 1994.
Subsection (a) is consistent with former Section 3-413(1). Subsection (b) has primary importance with respect to certified checks. It protects the holder in due course of a certified check that was altered after certification and before negotiation to the holder in due course. A bank can avoid liability for the altered amount by stating on the check the amount the bank agrees to pay. The subsection applies to other accepted drafts as well.