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2009 Kansas Code
Chapter 84 UNIFORM COMMERCIAL CODE
Article 3 NEGOTIABLE INSTRUMENTS
84-3-408. Drawee not liable on unaccepted draft.

84-3-408

Chapter 84.--UNIFORM COMMERCIAL CODE
Part 4.--LIABILITY OF PARTIES
Article 3.--NEGOTIABLE INSTRUMENTS

      84-3-408.   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.

      History:   L. 1991, ch. 296, § 45; Feb. 1, 1992.

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