There is a newer version of the Arizona Revised Statutes
2016 Arizona Revised Statutes
Title 47 - Uniform Commercial Code
§ 47-3408 Drawee not liable on unaccepted draft
AZ Rev Stat § 47-3408 (2016) What's This?
47-3408. 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.
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