Va. Code § 8.3A-408

Current with changes from the 2024 legislative session through ch. 845

Section 8.3A-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.

Va. Code § 8.3A-408

Code 1950, §§ 6-480, 6-543; 1964, c. 219, § 8.3-409; 1992, c. 693.

Amended by Acts 1992, § c.693.

Amended by Acts 1964, § c. 219, § 8.3-409.