§490:3-413  Obligation of acceptor. 
(a)  The acceptor of a draft is obliged to pay the draft (i) according to its
terms at the time it was accepted, even though the acceptance states that the
draft is payable "as originally drawn" or equivalent terms, (ii) if
the acceptance varies the terms of the draft, according to the terms of the
draft as varied, or (iii) if the acceptance is of a draft that is 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 draft or to the drawer or an indorser who paid the draft under
section 490:3-414 or 490:3-415.



(b)  If the certification of a check or other
acceptance of a draft states the amount certified or accepted, the obligation
of the acceptor is that amount.  If (i) the certification or acceptance does
not state an amount, (ii) the amount of the instrument is subsequently raised,
and (iii) the instrument is then negotiated to a holder in due course, the
obligation of the acceptor is the amount of the instrument at the time it was
taken by the holder in due course. [L 1991, c 118, pt of §1]