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2012 Utah Code
Title 70A - Uniform Commercial Code
Article 3 - Uniform Commercial Code - Negotiable Instruments
Section 408 - Drawee not liable on unaccepted draft.
Universal Citation:
UT Code ยง 70A-3-408 (2012)
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70A-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.
Repealed and Re-enacted by Chapter 237, 1993 General Session
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