Restriction on use of negotiable instruments

N.D. Cent. Code § 9-14-07
in effect
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9-14-07. Restriction on use of negotiable instruments In connection with a contract for invention development services, the invention developer may not take from a customer a negotiable instrument other than a check as evidence of the obligation of the customer. A holder is not a holder in due course if the holder takes a negotiable instrument taken from a customer in violation of this section.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t09c14.pdf#nameddest=9-14-07Fetched: 10/16/2026

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