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HRS §490:3-413

What an acceptor must pay on a draft

When someone accepts a draft, they must pay it according to the terms at acceptance, or as varied, or as completed if it was incomplete. They owe this to the person entitled to enforce it or to the drawer or indorser who paid. If a check is certified for a stated amount, they owe that amount.

creditorsdebtorsfinancial institutions

The statute, as written — Obligation of acceptor

(a) The acceptor of a draft is obliged to pay the draft (i) according to its terms at the time it was accepted, even though the acceptance states that the draft is payable "as originally drawn" or equivalent terms, (ii) if the acceptance varies the terms of the draft, according to the terms of the draft as varied, or (iii) if the acceptance is of a draft that is an incomplete instrument, according to its terms when completed, to the extent stated in sections 490:3-115 and 490:3-407. The obligation is owed to a person entitled to enforce the draft or to the drawer or an indorser who paid the draft under section 490:3-414 or 490:3-415. (b) If the certification of a check or other acceptance of a draft states the amount certified or accepted, the obligation of the acceptor is that amount. If (i) the certification or acceptance does not state an amount, (ii) the amount of the instrument is subsequently raised, and (iii) the instrument is then negotiated to a holder in due course, the obligation of the acceptor is the amount of the instrument at the time it was taken by the holder in due course.
Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

Sections this one refers to

§490:3-115 Incomplete instruments

§490:3-414 Drawer's obligation to pay a draft

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.