Minnesota Legislature
Office of the Revisor of Statutes
2019 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
336.3-410 MS 1990 [Repealed, 1992 c 565 s 114]
336.3-410 ACCEPTANCE VARYING DRAFT.
(a) If the terms of a drawee's acceptance vary from the terms of the draft as presented, the holder may refuse the acceptance and treat the draft as dishonored. In that case, the drawee may cancel the acceptance.
(b) The terms of a draft are not varied by an acceptance to pay at a particular bank or place in the United States, unless the acceptance states that the draft is to be paid only at that bank or place.
(c) If the holder assents to an acceptance varying the terms of a draft, the obligation of each drawer and endorser that does not expressly assent to the acceptance is discharged.
History:
Official Publication of the State of Minnesota
Revisor of Statutes