# Wyo. Stat. § 34.1-3-108: Payable on demand or at definite time

> Wyoming · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-108

## Section

- **Citation:** Wyo. Stat. § 34.1-3-108
- **Heading:** Payable on demand or at definite time
- **Jurisdiction:** Wyoming
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Wyoming Code / Title 34.1 / Chapter 3 / Section 34.1-3-108

## Text

(a) A promise or order is "payable on demand" if it (1) states that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder, or (2) does not state any time of payment.

(b) A promise or order is "payable at a definite time" if it is payable on elapse of a definite period of time after sight or acceptance or at a fixed date or dates or at a time or times readily ascertainable at the time the promise or order is issued, subject to rights of (1) prepayment, (2) acceleration,

(3) extension at the option of the holder, or (4) extension to a further definite time at the option of the maker or acceptor or automatically upon or after a specified act or event.

(c) If an instrument, payable at a fixed date, is also payable upon demand made before the fixed date, the instrument is payable on demand until the fixed date and, if demand for payment is not made before that date, becomes payable at a definite time on the fixed date.

## Nearby sections

- [Wyo. Stat. § 34.1-3-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-101.md)
- [Wyo. Stat. § 34.1-3-102 Subject matter](https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-102.md)
- [Wyo. Stat. § 34.1-3-103 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-103.md)
- [Wyo. Stat. § 34.1-3-104 Negotiable instrument](https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-104.md)
- [Wyo. Stat. § 34.1-3-105 Issue of instrument](https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-105.md)
- [Wyo. Stat. § 34.1-3-106 Unconditional promise or order](https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-106.md)
- [Wyo. Stat. § 34.1-3-107 Instrument payable in foreign money](https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-107.md)
- [Wyo. Stat. § 34.1-3-108 Payable on demand or at definite time](https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-108.md)
- [Wyo. Stat. § 34.1-3-109 Payable to bearer or to order](https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-109.md)
- [Wyo. Stat. § 34.1-3-110 Identification of person to whom instrument is payable](https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-110.md)
- [Wyo. Stat. § 34.1-3-111 Place of payment](https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-111.md)
- [Wyo. Stat. § 34.1-3-112 Interest](https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-112.md)
- [Wyo. Stat. § 34.1-3-113 Date of instrument](https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-113.md)
- [Wyo. Stat. § 34.1-3-114 Contradictory terms of instrument](https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WY_T34.1_C3_S34.1-3-108. Check the current official text before relying on it. Not legal advice.