3-401. Signature necessary for liability on instrument.

A person is not liable on an instrument unless (i) the person signed the instrument, or (ii) the person is represented by an agent or representative who signed the instrument and the signature is binding on the represented person under section 3-402.

Source:Laws 1991, LB 161, § 42; Laws 2024, LB94, § 23.
Effective Date: July 19, 2024

Annotations

Under former section 3-401, where acceptance is required, the acceptance must be in writing by signature of the acceptor. Berman v. United States Nat. Bank, 197 Neb. 268, 249 N.W.2d 187 (1976).