§ 3408. Drawee not liable on unaccepted draft
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial Code
13 Pa.C.S.A. § 3408
§ 3408. 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.
Credits
1992, July 9, P.L. 507, No. 97, § 5, effective in one year.
13 Pa.C.S.A. § 3408, PA ST 13 Pa.C.S.A. § 3408
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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