GroundRules
KRS 355.3-408: Drawee not liable on unaccepted draft.
Where this section sits in the code
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.
Collected 2026-09-05T20:58:44Z. Source file · JSON