554.3412 Obligation of issuer of note or cashier’s check. The issuer of a note or cashier’s check or other draft drawn on the drawer is obliged to pay the instrument according to its terms at the time it was issued or, if not issued, at thetime it first came into possession of a holder, or if the issuer signed an incomplete instrument,according to its terms when completed, to the extent stated in sections 554.3115 and 554.3407.The obligation is owed to a person entitled to enforce the instrument or to an endorser whopaid the instrument under section 554.3415. 94 Acts, ch 1167, §59, 121, 122; 2013 Acts, ch 30, §261 Sat Dec 23 01:56:57 2023 Iowa Code 2024, Section 554.3412 (25, 0)
Iowa Legal Code