Tennessee § 47-3-415 - Obligation of endorser.
Full text of Tennessee Tennessee Code Annotated § 47-3-415 — Obligation of endorser., with citation guidance and answers to common questions.
§ 47-3-415. Obligation of endorser.
Subject to subsections (b), (c), (d), and (e) and to § 47-3-419(d), if an instrument is dishonored, an endorser is obliged to pay the amount due on the instrument (i) according to the terms of the instrument at the time it was endorsed, or (ii) if the endorser endorsed an incomplete instrument, according to its terms when completed, to the extent stated in §§ 47-3-115 and 47-3-407. The obligation of the endorser is owed to a person entitled to enforce the instrument or to a subsequent endorser who paid the instrument under this section. If an endorsement states that it is made “without recourse” or otherwise disclaims liability of the endorser, the endorser is not liable under subsection (a) to pay the instrument. If notice of dishonor of an instrument is required by § 47-3-503 and notice of dishonor complying with that section is not given to an endorser, the liability of the endorser under subsection (a) is discharged. If a draft is accepted by a bank after an endorsement is made, the liability of the endorser under subsection (a) is discharged. If an endorser of a check is liable under subsection (a) and the check is not presented for payment, or given to a depositary bank for collection, within thirty (30) days after the day the endorsement was made, the liability of the endorser under subsection (a) is discharged. Acts 1995, ch. 397, § 2. Prior Tennessee Law: §§ 47-138, 47-144, 47-166 — 47-168, 47-3-414. Textbooks. Tennessee Jurisprudence, 6 Tenn. Juris., Commercial Law, § 76.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 47-3-415
What does Tennessee Code Annotated § 47-3-415 cover?
Section 47-3-415 ("Obligation of endorser.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. 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 Tennessee § 47-3-415?
A common citation format is "Tennessee Code Annotated § 47-3-415" (Tennessee). 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 Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 47-3-415 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee 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 Tennessee.