LD 1786
pg. 2
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LR 2358
Item 1

 
"Indorser" Section 3-1204

 
"Instrument" Section 3-1104

 
"Issue" Section 3-1105

 
"Issuer" Section 3-1105

 
"Negotiable instrument" Section 3-1104

 
"Negotiation" Section 3-1201

 
"Note" Section 3-1104

 
"Payable at a definite time" Section 3-1108

 
"Payable on demand" Section 3-1108

 
"Payable to bearer" Section 3-1109

 
"Payable to order" Section 3-1109

 
"Payment" Section 3-1602

 
"Person entitled to enforce" Section 3-1301

 
"Presentment" Section 3-1501

 
"Reacquisition" Section 3-1207

 
"Special indorsement" Section 3-1205

 
"Teller's check" Section 3-1104

 
"Transfer of instrument" Section 3-1203

 
"Traveler's check" Section 3-1104

 
"Value" Section 3-1303

 
Sec. 2. 11 MRSA §3-1104, sub-§(6), as enacted by PL 1993, c. 293, Pt.
A, §2, is amended to read:

 
(6) "Check" means:

 
(a) A draft, other than a documentary draft, payable on
demand and drawn on a bank; or

 
(b) A cashier's check or teller's check.; or

 
(c)__A demand draft.

 
An instrument may be a check even though it is described on its
face by another term, such as "money order."

 
Sec. 3. 11 MRSA §3-1104, sub-§(11) is enacted to read:

 
(11)__"Demand draft" means a writing not signed by a customer
that is created by a 3rd party under the purported authority of
the customer for the purpose of charging the customer's account
with a bank.__A demand draft must contain the customer's account
number and may contain any or all of the following:

 
(a)__The customer's printed or typewritten name;

 
(b)__A notation that the customer authorized the draft; and


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