Sec. 401. A person is not liable on an instrument unless:

(1) the person signed the instrument; or

(2) the person is represented by an agent or representative who signed the instrument and the signature is binding on the represented person under IC 26-1-3.1-402.

As added by P.L.222-1993, SEC.5. Amended by P.L.199-2023, SEC.20.