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2022 Louisiana Laws
Revised Statutes
Title 10 - Commercial Laws
§10:3-408. Drawee not liable on unaccepted draft
Universal Citation: LA Rev Stat § 10:3-408 (2022)
RS 10:3-408 - 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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