Sec. 3.105. ISSUE OF INSTRUMENT. (a) "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.
(b) 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.
(c) "Issuer" applies to issued and unissued instruments and means a maker or drawer of an instrument.
Amended by Acts 1995, 74th Leg., ch. 921, Sec. 1, eff. Jan. 1, 1996.
Structure Texas Statutes
Title 1 - Uniform Commercial Code
Chapter 3 - Negotiable Instruments
Subchapter A. General Provisions and Definitions
Section 3.104. Negotiable Instrument
Section 3.105. Issue of Instrument
Section 3.106. Unconditional Promise or Order
Section 3.107. Instrument Payable in Foreign Money
Section 3.108. Payable on Demand or at Definite Time
Section 3.109. Payable to Bearer or to Order
Section 3.110. Identification of Person to Whom Instrument Is Payable
Section 3.111. Place of Payment
Section 3.113. Date of Instrument
Section 3.114. Contradictory Terms of Instrument
Section 3.115. Incomplete Instrument
Section 3.116. Joint and Several Liability; Contribution
Section 3.117. Other Agreements Affecting Instrument