LD 1786
pg. 3
Page 2 of 4 An Act Making Amendments to the Uniform Commercial Code Covering Provisions Dea... Page 4 of 4
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LR 2358
Item 1

 
"Draft." Section 3-1104.

 
"Good faith." Section 3-1103.

 
"Holder in due course." Section 3-1102.

 
"Instrument." Section 3-1104.

 
"Notice of dishonor." Section 3-1503.

 
"Order." Section 3-1103.

 
"Ordinary care." Section 3-1103.

 
"Person entitled to enforce." Section 3-1301.

 
"Presentment." Section 3-1501.

 
"Promise." Section 3-1103.

 
"Prove." Section 3-1103.

 
"Remotely created consumer item."__ Section 3-1103.

 
"Teller's check." Section 3-1104.

 
"Unauthorized signature." Section 3-1403.

 
Sec. 8. 11 MRSA §4-207-A, sub-§(1), ¶¶(d) and (e), as enacted by PL 1993, c.
293, Pt. B, §25, are amended to read:

 
(d) The item is not subject to a defense or claim in
recoupment (section 3-1305, subsection (1)) of any party
that can be asserted against the warrantor; and

 
(e) The warrantor has no knowledge of any insolvency
proceeding commenced with respect to the maker or acceptor
or, in the case of an unaccepted draft, the drawer.; and

 
Sec. 9. 11 MRSA §4-207-A, sub-§(1), ¶(f) is enacted to read:

 
(f)__With respect to any remotely created consumer item, the
person on whose account the item is drawn authorized the
issuance of the item in the amount for which the item is
drawn.

 
Uniform Comments

 
[Change existing comment to comment 1.]

 
2. For an explanation of subsection (a)(6) [Maine subsection
(1) (f)], see comment 8 to Section 3-416 [Maine section 3-1416].

 
Sec. 10. 11 MRSA §4-207-B, sub-§(1), ¶¶(b) and (c), as enacted by PL 1993,
c. 293, Pt. B, §26, are amended to read:

 
(b) The draft has not been altered; and

 
(c) The warrantor has no knowledge that the signature of
the purported drawer of the draft is unauthorized.; and


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