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California Commercial Code

§ 3408

COM § 3408 Effective Jan 1, 1993Div. 3 · Ch. 4

Statute text

View on leginfo.ca.gov
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.

Legislative history

Repealed and added by Stats. 1992, Ch. 914, Sec. 6. Effective January 1, 1993.

Source: California Commercial Code § 3408 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.