§3-1408. 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. [PL 1993, c. 293, Pt. A, §2 (NEW).]
SECTION HISTORY
PL 1993, c. 293, §A2 (NEW).
Structure Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 3-A: NEGOTIABLE INSTRUMENTS
11 §3-1402. Signature by representative
11 §3-1403. Unauthorized signature
11 §3-1404. Impostors; fictitious payees
11 §3-1405. Employer's responsibility for fraudulent indorsement by employee
11 §3-1406. Negligence contributing to forged signature or alteration of instrument
11 §3-1408. Drawee not liable on unaccepted draft
11 §3-1409. Acceptance of draft; certified check
11 §3-1410. Acceptance varying draft
11 §3-1411. Refusal to pay cashier's checks, teller's checks and certified checks
11 §3-1412. Obligation of issuer of note or cashier's check
11 §3-1413. Obligation of acceptor
11 §3-1414. Obligation of drawer
11 §3-1415. Obligation of indorser
11 §3-1416. Transfer warranties
11 §3-1417. Presentment warranties
11 §3-1418. Payment or acceptance by mistake