State Codes and Statutes

Statutes > Alaska > Title-45 > Chapter-45-03 > Article-04 > Sec-45-03-408

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 the instrument.

State Codes and Statutes

Statutes > Alaska > Title-45 > Chapter-45-03 > Article-04 > Sec-45-03-408

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 the instrument.


State Codes and Statutes

State Codes and Statutes

Statutes > Alaska > Title-45 > Chapter-45-03 > Article-04 > Sec-45-03-408

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 the instrument.