44-6851

44-6851. Definitions

In this chapter, unless the context otherwise requires:

1. "Check" means a draft that is payable on demand and drawn on a financial
institution, a cashier's check or a teller's check.

2. "Draft" means an item, other than an instrument, that is an order.

3. "Drawer" means a person who signs or is identified in a draft as a person
ordering payment.

4. "Financial institution" means a bank, savings and loan association or credit
union that is chartered and supervised under state or federal law.

5. "Holder" means a person, including this state, who is entitled to enforce an
instrument.

6. "Maker" means a person who signs or is identified in a note as a person
undertaking to pay.

7. "Order" means a written instruction to pay money that is signed by the person
giving the instruction. The instruction may be addressed to any person, including this
state or the person giving the instruction, or to one or more persons, including this
state, jointly or in the alternative but not in succession.

8. "Payee" means a person, including this state, in whose favor an instrument is
drawn or made payable.