Printable Format84-3-111. Place of payment. Except as otherwise provided for items in article 4, an instrument is payable at the place of payment stated in the instrument. If no place of payment is stated, an instrument is payable at the address of the drawee or maker stated in the instrument. If no address is stated, the place of payment is the place of business of the drawee or maker. If a drawee or maker has more than one place of business, the place of payment is any place of business of the drawee or maker chosen by the person entitled to enforce the instrument. If the drawee or maker has no place of business, the place of payment is the residence of the drawee or maker.
History: L. 1991, ch. 296, § 11; February 1, 1992.
KANSAS COMMENT, 1996
This section is new and is identical to the 1995 Official Text. Historical case and statutory references may be obtained from the 1965 or 1983 bound Volume 7 of the Kansas Statutes Annotated. The section clears up several minor ambiguities such as place of payment for businesses with multiple locations. Issuers might be wise to consider specifying a place of payment in the instrument.
Revisor's Note:
Former section 84-3-111 was repealed by L. 1991, ch. 296, § 111 and the number reassigned to the current text.