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2025 Pennsylvania Consolidated & Unconsolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 34 - Liability of Parties
Section 3408 - Drawee not liable on unaccepted draft
Universal Citation:
13 PA Cons Stat § 3408 (2025)
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§ 3408. 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.
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