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Indiana Code Title 26. Commercial Law § 26-2-7-4

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 4. Subject to section 8 of this chapter, a person found liable under other applicable law is liable under this chapter to the holder of a check if the person executed and delivered the check to another person drawn on or payable at a financial institution and the person does either of the following:

(1) Without valid legal cause stops payment on the check.

(2) Allows the check to be dishonored by a financial institution because of any of the following:

(A) Lack of funds.

(B) Failure to have an account.

(C) Lack of an authorized signature of the drawer or a necessary endorser.

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Cite this article: FindLaw.com - Indiana Code Title 26. Commercial Law § 26-2-7-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-26-commercial-law/in-code-sect-26-2-7-4/

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