There is a newer version of the Tennessee Code
2014 Tennessee Code
Title 47 - Commercial Instruments And Transactions
Chapter 3 - Negotiable Instruments
Part 4 - Liability of Parties
§ 47-3-408 - Drawee not liable on unaccepted draft.
TN Code § 47-3-408 (2014) What's This?
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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