<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="3-606" title_number="3" title_name="Banking Institutions -- Commercial Banks" subtitle_number="6" subtitle_name="Miscellaneous Regulations">
  <level label="a">
    <text>An officer, employee, or agent of a commercial bank may not certify any draft drawn on the commercial bank unless the drawer has on deposit an amount equal to at least the amount of the draft.</text>
  </level>
  <level label="b">
    <text>If a draft is certified in violation of this section by a person who is authorized to certify drafts, it is a valid obligation of the commercial bank.</text>
  </level>
</section>
