State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-3 > 6a-3-408

SECTION 6A-3-408

   § 6A-3-408  Drawee not liable on unaccepteddraft. – A check or other draft does not of itself operate as an assignment of funds inthe hands of the drawee available for its payment, and the drawee is not liableon the instrument until the drawee accepts it.

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-3 > 6a-3-408

SECTION 6A-3-408

   § 6A-3-408  Drawee not liable on unaccepteddraft. – A check or other draft does not of itself operate as an assignment of funds inthe hands of the drawee available for its payment, and the drawee is not liableon the instrument until the drawee accepts it.


State Codes and Statutes

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-3 > 6a-3-408

SECTION 6A-3-408

   § 6A-3-408  Drawee not liable on unaccepteddraft. – A check or other draft does not of itself operate as an assignment of funds inthe hands of the drawee available for its payment, and the drawee is not liableon the instrument until the drawee accepts it.