S.C. Code § 36-3-408

Current through 2024 Act No. 209.

Section 36-3-408 - 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.

S.C. Code § 36-3-408

2008 Act No. 204, Section 2, eff 7/1/2008; 1966 (54) 2716; 1962 Code Section 10.3-408.