There is a newer version of the Louisiana Laws
2011 Louisiana Laws
Revised Statutes
TITLE 10 — Commercial laws
RS 10:3-408 — Drawee not liable on unaccepted draft
LA Rev Stat § 10:3-408 What's This?
§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.
Acts 1992, No. 1133, §3, eff. July 1, 1993; Acts 1993, No. 948, §10, eff. Jan. 1, 1994.
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