Cal. Commercial Code § 3105
Cal. Commercial Code § 3105
California · California Commercial Code · Status: effective · Effective 2024-01-01
Cite this
- Citation
- Cal. Commercial Code § 3105, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/790352
- Permanent ID
ys:prov:790352@1- SHA-256
ccccfdd8884957d62f368d0797ea27fc94f3883b804230e5ece331ba0ffacbbf
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) “Issue” means:
(1) 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; or
(2) if agreed by the payee, the first transmission by the drawer to the payee of an image of an item and information derived from the item that enables the depositary bank to collect the item by transferring or presenting under federal law an electronic check.
(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.