Michigan § 440.3105 - “Issue” and “issuer” defined; effect of unissued or conditionally issued instrument.
Full text of Michigan Michigan Compiled Laws § 440.3105 — “Issue” and “issuer” defined; effect of unissued or conditionally issued instrument., with citation guidance and answers to common questions.
§ 440.3105. “Issue” and “issuer” defined; effect of unissued or conditionally issued instrument.
"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.
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.
"Issuer" applies to issued and unissued instruments and means a maker or drawer of an instrument.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 440.3105
What does Michigan Compiled Laws § 440.3105 cover?
Section 440.3105 ("“Issue” and “issuer” defined; effect of unissued or conditionally issued instrument.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 440.3105?
A common citation format is "Michigan Compiled Laws § 440.3105" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.3105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.