30-3-418. Repealed
30-3-418. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-418, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-418.
30-3-419. Conversion of instrument
30-3-419. Conversion of instrument. (1) The law applicable to conversion of personal property applies to instruments. An instrument is also converted if the instrument lacks an indorsement necessary for negotiation and it is purchased or taken for collection or the drawee takes the instrument and makes payment to a person not entitled to receive payment. An […]
30-3-420. Employer responsibility for fraudulent indorsement by employee
30-3-420. Employer responsibility for fraudulent indorsement by employee. (1) This section applies to fraudulent indorsements of instruments with respect to which an employer has entrusted an employee with responsibility as part of the employee’s duties. The following definitions apply to this section: (a) ”Employee” includes, in addition to an employee of an employer, an independent contractor and […]
30-3-421. Refusal to pay cashier’s checks, teller’s checks, and certified checks
30-3-421. Refusal to pay cashier’s checks, teller’s checks, and certified checks. (1) In this section, “obligated bank” means the acceptor of a certified check or the issuer of a cashier’s check or teller’s check bought from the issuer. (2) If the obligated bank wrongfully refuses to pay a cashier’s check or certified check, stops payment of a […]
30-3-410. Acceptance of draft — certified check
30-3-410. Acceptance of draft — certified check. (1) “Acceptance” means the drawee’s signed agreement to pay a draft as presented. It must be written on the draft and may consist of the drawee’s signature alone. Acceptance may be made at any time and becomes effective when notification pursuant to instructions is given or the accepted draft […]
30-3-411. Repealed
30-3-411. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-411, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-411.
30-3-402. Repealed
30-3-402. Repealed. Sec. 230, Ch. 410, L. 1991. History: En. Sec. 3-402, Ch. 264, L. 1963; R.C.M. 1947, 87A-3-402.
30-3-403. Signature by representative
30-3-403. Signature by representative. (1) If a person acting, or purporting to act, as a representative signs an instrument by signing either the name of the represented person or the name of the signer, the represented person is bound by the signature to the same extent the represented person would be bound if the signature were […]
30-3-404. Unauthorized signatures
30-3-404. Unauthorized signatures. (1) Unless otherwise provided in this chapter, an unauthorized signature is ineffective except as the signature of the unauthorized signer in favor of a person who in good faith pays the instrument or takes it for value. An unauthorized signature may be ratified for all purposes of this chapter. (2) If the signature of […]
30-3-405. Impostors — fictitious payees
30-3-405. Impostors — fictitious payees. (1) If an impostor by use of the mails or otherwise induces the maker or drawer of an instrument to issue the instrument to the impostor or to a person acting in concert with the impostor by impersonating the payee of the instrument or a person authorized to act for the […]