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2003 SESSION

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SB 999 Negotiable instruments; return of paid instruments.

Introduced by: William C. Mims | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Negotiable instruments; return of paid instruments. Requires the holder of a negotiable instrument to return the instrument to its maker or his agent within 90 days following payment in full of the obligation. If the instrument is no longer in existence, the holder can satisfy this obligation by giving written confirmation to that effect within 90 days of the request.

SUMMARY AS PASSED SENATE:

Negotiable instruments; return of paid instruments. Requires the holder of a negotiable instrument to return the instrument to its maker or his agent within 90 days following payment in full of the obligation. If the instrument is no longer in existence, the holder can satisfy this obligation by giving written confirmation to that effect within 90 days of the request.

SUMMARY AS INTRODUCED:

Negotiable instruments; return of paid instruments. Requires the holder of a negotiable instrument to return the instrument to its maker or his agent within 60 days following payment in full of the obligation. If the instrument is lost, the holder can satisfy this obligation by submitting an affidavit to that effect.