400.3-408. Drawee not liable on unaccepted draft.
Drawee not liable on unaccepted draft.
400.3-408. A check or other draft does not of itselfoperate as an assignment of funds in the hands of the draweeavailable for its payment, and the drawee is not liable on theinstrument until the drawee accepts it.
(L. 1992 S.B. 448)*No continuity with § 400.3-408 as repealed by L. 1992 S.B. 448.