There Is a Newer Version of the California Code
2016 California Code
Commercial Code - COM
DIVISION 3 - NEGOTIABLE INSTRUMENTS
CHAPTER 4 - Liability of Parties
Section 3408.
CA Com Code § 3408 (2016) What's This?
3408. 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.
(Repealed and added by Stats. 1992, Ch. 914, Sec. 6. Effective January 1, 1993.)
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