TITLE 6A
Uniform Commercial Code

CHAPTER 6A-3
Negotiable Instruments

PART 6A-3-401
Liability of Parties

SECTION 6A-3-408


§ 6A-3-408 Drawee not liable on unaccepted draft.

A check or other draft does not of itself operate as an assignment of funds in the hands of the drawee available for its payment, and the drawee is not liable on the instrument until the drawee accepts it.

History of Section.
(P.L. 2000, ch. 238, § 3; P.L. 2000, ch. 421, § 3.)