R.I. Gen. Laws § 6A-3-408

Current through 2024 Public Law 24

Section 6A-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.

P.L. 2000, ch. 238, § 3; P.L. 2000, ch. 421, § 3.