403.105 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 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 a maker or drawer of an instrument.
History: 1995 a. 449.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 403 - Uniform commercial code — negotiable instruments.
403.104 - Negotiable instrument.
403.105 - Issue of instrument.
403.106 - Unconditional promise or order.
403.107 - Instrument payable in foreign money.
403.108 - Payable on demand or at definite time.
403.109 - Payable to bearer or to order.
403.110 - Identification of person to whom instrument is payable.
403.114 - Contradictory terms of instrument.
403.115 - Incomplete instrument.
403.116 - Joint and several liability; contribution.
403.117 - Other agreements affecting instrument.
403.118 - Statute of limitations.
403.119 - Notice of right to defend action.
403.202 - Negotiation subject to rescission.
403.203 - Transfer of instrument; rights acquired by transfer.
403.205 - Special endorsement; blank endorsement; anomalous endorsement.
403.206 - Restrictive endorsement.
403.301 - Person entitled to enforce instrument.
403.302 - Holder in due course.
403.303 - Value and consideration.
403.305 - Defenses and claims in recoupment.
403.306 - Claims to an instrument.
403.307 - Notice of breach of fiduciary duty.
403.308 - Proof of signatures and status as holder in due course.
403.309 - Enforcement of lost, destroyed or stolen instrument.
403.310 - Effect of instrument on obligation for which taken.
403.311 - Accord and satisfaction by use of instrument.
403.312 - Lost, destroyed or stolen cashier's check, teller's check or certified check.
403.402 - Signature by representative.
403.403 - Unauthorized signature.
403.404 - Impostors; fictitious payees.
403.405 - Employer's responsibility for fraudulent endorsement by employee.
403.406 - Negligence contributing to forged signature or alteration of instrument.
403.408 - Drawee not liable on unaccepted draft.
403.409 - Acceptance of draft; certified check.
403.410 - Acceptance varying draft.
403.411 - Refusal to pay cashier's checks, teller's checks and certified checks.
403.412 - Obligation of issuer of note or cashier's check.
403.413 - Obligation of acceptor.
403.414 - Obligation of drawer.
403.415 - Obligation of endorser.
403.416 - Transfer warranties.
403.417 - Presentment warranties.
403.418 - Payment or acceptance by mistake.
403.419 - Instruments signed for accommodation.
403.420 - Conversion of instrument.
403.504 - Excused presentment and notice of dishonor.
403.505 - Evidence of dishonor.
403.601 - Discharge and effect of discharge.