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2021 Ohio Revised Code
Title 13 | Commercial Transactions
Chapter 1303 | Commercial Paper
Section 1303.45 | Drawee Not Liable on Unaccepted Draft - Ucc 3-408.
Universal Citation: Ohio Rev Code § 1303.45 (2021)
Effective: August 19, 1994
Latest Legislation: Senate Bill 147 - 120th General Assembly
A check or other draft does not of itself operate as an assignment of any funds in the hands of the drawee available for its payment, and the drawee is not liable on the instrument until he accepts it.
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