RCW 62A.3-408

RCW 62A.3-408: Drawee not liable on unaccepted draft.

Last amended: 1993Year: 2026Length: 39 wordsOfficial source
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.
RCW 62A.3-408: RCW 62A.3-408: Drawee not liable on unaccepted draft. | Justis AI