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§12A-3-105.


§12A-3-105.
   
                            ISSUE OF INSTRUMENT
                                      
   (a) "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.
   
   (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.
   

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