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Montana Title 30. Trade and Commerce § 30-3-413. Obligation of maker

Current as of January 01, 2024 | Updated by Findlaw Staff

(1) A maker of a note is obliged to pay the note:

(a) according to its terms at the time it was issued or, if not issued, at the time it first came into possession of a holder; or

(b) if the maker signed an incomplete instrument, according to its terms when completed as stated in 30-3-115 and 30-3-407.

(2) The obligation is owed to a person entitled to enforce the note or to an indorser that paid the note pursuant to 30-3-414.

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Cite this article: FindLaw.com - Montana Title 30. Trade and Commerce § 30-3-413. Obligation of maker - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-30-trade-and-commerce/mt-st-30-3-413/

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