30-3-412. Acceptance varying draft. (1) If the terms of a drawee's acceptance vary from the terms of the draft as presented, the holder may refuse the acceptance and treat the draft as dishonored. In that case, the drawee may cancel the acceptance.
(2) The terms of the draft are not varied by an acceptance to pay at a particular bank or place in the United States, unless the acceptance states that the draft is to be paid only at that bank or place.
(3) If the holder assents to an acceptance varying the terms of a draft, the obligation of each drawer and indorser that does not expressly assent to the acceptance is discharged.
History: En. Sec. 3-412, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-412; amd. Sec. 134, Ch. 410, L. 1991.
Structure Montana Code Annotated
Chapter 3. Uniform Commercial Code Negotiable Instruments
30-3-403. Signature by representative
30-3-404. Unauthorized signatures
30-3-405. Impostors -- fictitious payees
30-3-406. Negligence contributing to forged signature or alteration of instrument
30-3-409. Drawee not liable on unaccepted draft
30-3-410. Acceptance of draft -- certified check
30-3-412. Acceptance varying draft
30-3-414. Obligation of indorser
30-3-415. Instruments signed for accommodation
30-3-419. Conversion of instrument
30-3-420. Employer responsibility for fraudulent indorsement by employee
30-3-421. Refusal to pay cashier's checks, teller's checks, and certified checks
30-3-422. Obligation of acceptor
30-3-423. Obligation of drawer