- “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.
- 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.
- “Issuer” applies to issued and unissued instruments and means a maker or drawer of an instrument.
History. Code 1981, § 11-3-105 , enacted by Ga. L. 1996, p. 1306, § 3.