Cal. Com. Code § 3408

Current through the 2023 Legislative Session.

Section 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.

Ca. Com. Code § 3408

Repealed and added by Stats. 1992, Ch. 914, Sec. 6. Effective January 1, 1993.