Statute · California Commercial Code
Cal. Com. Code § 3408 — Liability of Parties
Cal. Com. Code § 3408
- Type
- Statute
- Source
- California Commercial Code
- Jurisdiction
- California
- Date
- 1993-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Com. Code § 3408 — Liability of Parties is in force in the current edition of the Code, and nothing recorded condemns it.
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.