There is a newer version of the Maine Revised Statutes
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2013 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 3-A: NEGOTIABLE INSTRUMENTS
11 §3-1408. Drawee not liable on unaccepted draft


ME Rev Stat § 3-1408 (2013 through 126th 1st Sp Sess) What's This?

Part 4: LIABILITY OF PARTIES

3-1408. 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. [1993, c. 293, Pt. A, 2 (NEW).]

SECTION HISTORY

1993, c. 293, A2 (NEW).

Disclaimer: These codes may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.