(1) The term “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.
(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 of the condition or special purpose to be fulfilled is a defense.
(3) The term “issuer” applies to issued and unissued instruments and means a maker or drawer of an instrument.
History.—s. 2, ch. 92-82.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 673 - Uniform Commercial Code: Negotiable Instruments
Part I - General Provisions and Definitions (Ss. 673.1011-673.1191)
673.1041 - Negotiable instrument.
673.1051 - Issue of instrument.
673.1061 - Unconditional promise or order.
673.1071 - Instrument payable in foreign money.
673.1081 - Payable on demand or at definite time.
673.1091 - Payable to bearer or to order.
673.1101 - Identification of person to whom instrument is payable.
673.1131 - Date of instrument.
673.1141 - Contradictory terms of instrument.
673.1151 - Incomplete instrument.
673.1161 - Joint and several liability; contribution.
673.1171 - Other agreements affecting instrument.