La. Stat. tit. 10 § 3-408

Current with changes from the 2024 3rd Extraordinary Session

Section 10:3-408 - 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.

La. R.S. § 10:3-408

Acts 1992, No. 1133, §3, eff. 7/1/1993; Acts 1993, No. 948, §10, eff. 1/1/1994.