Title 30, Title 30

(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 teller's check, …

(1) An acceptor of a draft is obliged to pay the draft: (a) according to its terms at the time it was accepted, even though the acceptance states that the draft is payable "as originally drawn" or equivalent terms; (b) if the acceptance varies the terms of the draft, according to…

(1) If an unaccepted draft is dishonored, the drawer is obliged to pay the draft: (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 drawer signed an incomplete instrument, according to its …

(1) If an unaccepted draft is presented to the drawee for payment or acceptance and the drawee pays or accepts the draft, the person obtaining payment or acceptance, at the time of presentment, and a previous transferor of the draft, at the time of transfer, warrant to the drawee…

(1) Except as provided in subsection (3), if the drawee of a draft pays or accepts the draft and the drawee acted on the mistaken belief that payment of the draft had not been stopped under 30-4-403, the signature of the purported drawer of the draft was authorized, or the balanc…

(1) "Presentment" means a demand: (a) to pay an instrument made to the maker, drawee, or acceptor or, in the case of a note of accepted draft payable at a bank, to the bank; or (b) to accept a draft made to the drawee by a person entitled to enforce the instrument. (2) Subject to…

(1) The obligation of an indorser stated in 30-3-414(1) and the obligation of a drawer stated in 30-3-423(3) may not be enforced unless: (a) the indorser or drawer is given notice of dishonor of the instrument complying with this section; or (b) notice of dishonor is excused unde…

(1) The following are admissible as evidence and create a presumption of dishonor and of any notice of dishonor stated: (a) a document regular in form as provided in subsection (2) that purports to be a protest; (b) the purported stamp or writing of the drawee, payor bank, or pre…

(1) Dishonor of a note is governed by the following rules: (a) If the note is payable on demand, the note is dishonored if presentment is duly made and the note is not paid on the day of presentment. (b) If the note is not payable on demand and is payable at or through a bank or …

(1) Presentment for payment or acceptance of an instrument is excused if: (a) the person entitled to present the instrument cannot with reasonable diligence make presentment; (b) the maker or acceptor has repudiated an obligation to pay the instrument or is dead or in insolvency …

(1) The obligation of a party to pay the instrument is discharged as stated in this chapter or by an act or agreement with the party that would discharge an obligation to pay money under a simple contract. (2) Discharge of the obligation of a party is not effective against a pers…

(1) Subject to subsection (2), an instrument is paid to the extent payment is made by or on behalf of a party obliged to pay the instrument and to a person entitled to enforce the instrument. To the extent of the payment, the obligation of the party obliged to pay the instrument …

(1) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument, the effect of tender is governed by principles of law applicable to tender of payment under a simple contract. (2) If tender of payment of an obligation to pay a…

(1) A person entitled to enforce an instrument may, with or without consideration, discharge the obligation of a party to pay the instrument: (a) by an intentional voluntary act, such as surrender of the instrument to the party; destruction, mutilation, or cancellation of the ins…

(1) For the purposes of this section, the term "indorser" includes a drawer having the obligation stated in 30-3-423(3). (2) Discharge of the obligation of a party to the instrument under 30-3-605 does not discharge the obligation of an indorser or accommodation party having a ri…