70A-3-113 - Date of instrument.
70A-3-113. Date of instrument.
(1) An instrument may be antedated or postdated. The date stated determines the time ofpayment if the instrument is payable at a fixed period after the date. Except as provided inSubsection 70A-4-401(3), an instrument payable on demand is not payable before the date of theinstrument.
(2) If an instrument is undated, its date is the date of its issue or, in the case of anunissued instrument, the date it first comes into possession of a holder.
Repealed and Re-enacted by Chapter 237, 1993 General Session