§490:3-412  Obligation of issuer of note or
cashier's check.  The issuer of a note or cashier's check or other draft
drawn on the drawer is obliged to pay the instrument (i) according to its terms
at the time it was issued or, if not issued, at the time it first came into
possession of a holder, or (ii) if the issuer signed an incomplete instrument,
according to its terms when completed, to the extent stated in sections
490:3-115 and 490:3-407.  The obligation is owed to a person entitled to
enforce the instrument or to an indorser who paid the instrument under section
490:3-415. [L 1991, c 118, pt of §1]