Mich. Comp. Laws § 440.3408: Check or draft; operation as assignment.
Where this section sits in the code
- MI Code
- Chapter 440
- Act Act-174-of-1962
Sec. 3408.
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 2026-09-14T18:32:31Z. Source file · JSON