TITLE 19
Financial institutions

CHAPTER 19-14.3
Sale of Checks and Electronic Money Transfers

SECTION 19-14.3-3


§ 19-14.3-3 Liability of licensees.

Each licensee shall be liable for the payment of all checks or electronic money transfer sold by the licensee in this state, in whatever form and whether directly or through an agent, as the maker or drawer of these according to the negotiable instrument laws of this state; and a licensee who sells a check or electronic money transfer, whether directly or through an agent, upon which the licensee is not designated as maker or drawer shall, nevertheless, have the same liabilities with respect to these as if signed as the maker or drawer of these. Every check or electronic money transfer sold by a licensee, directly or through an agent, shall bear the name of the licensee clearly imprinted on it.

History of Section.
(P.L. 1995, ch. 82, § 55.)