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2017 South Carolina Code of Laws
Title 36 - Commercial Code
CHAPTER 3 - COMMERCIAL CODE - NEGOTIABLE INSTRUMENTS
Section 36-3-408. Drawee not liable on unaccepted draft.
Universal Citation: SC Code § 36-3-408 (2017)
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: 1962 Code Section 10.3-408; 1966 (54) 2716; 2008 Act No. 204, Section 2, eff July 1, 2008.
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