Mass. Gen. Laws ch. 106 § 3-408

Current through Chapter 373 of the 2024 Legislative Session, with the exception of Acts not available as of 1/14/2025
Section 106:3-408 - 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.

Mass. Gen. Laws ch. 106, § 3-408