North Dakota § 41-03-04 - If the person whose specimen signature appears on an instrument fails to
Full text of North Dakota North Dakota Century Code § 41-03-04 — If the person whose specimen signature appears on an instrument fails to, with citation guidance and answers to common questions.
§ 41-03-04. If the person whose specimen signature appears on an instrument fails to
countersign the instrument, the failure to countersign is a defense to the obligation of the issuer, but the failure does not prevent a transferee of the instrument from becoming a holder of the instrument. 4. If a promise or order at the time it is issued or first comes into possession of a holder contains a statement, required by applicable statutory or administrative law, to the effect that the rights of a holder or transferee are subject to claims or defenses that the issuer could assert against the original payee, the promise or order is not thereby made conditional for the purposes of subsection 1 of section 41-03-04, but if the promise or order is an instrument, there cannot be a holder in due course of the instrument.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 41-03-04
What does North Dakota Century Code § 41-03-04 cover?
Section 41-03-04 ("If the person whose specimen signature appears on an instrument fails to") is part of the North Dakota Century Code, the codified statutory law of North Dakota. 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 North Dakota § 41-03-04?
A common citation format is "North Dakota Century Code § 41-03-04" (North Dakota). 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 North Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.
How does North Dakota § 41-03-04 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota 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 North Dakota.