30-3-125. Issue of instrument. (1) "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 (30-3-115) 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) "Issuer" applies to issued and unissued instruments and means any person that signs an instrument as maker or drawer.
History: En. Sec. 91, Ch. 410, L. 1991.
Structure Montana Code Annotated
Chapter 3. Uniform Commercial Code Negotiable Instruments
Part 1. Short Title, Form, and Interpretation
30-3-104. Negotiable instrument
30-3-105. Unconditional promise or order
30-3-107. Instrument payable in foreign money
30-3-111. Payable to bearer or to order
30-3-115. Incomplete instrument
30-3-119. Other agreements affecting instrument
30-3-122. Statute of limitations
30-3-126. Identification of person to whom instrument is payable
30-3-129. Contradictory terms of instrument