GroundRules
Mo. Rev. Stat. § 400.3-408: Drawee not liable on unaccepted draft.
Where this section sits in the code
- Title XXVI - TRADE AND COMMERCE
- Chapter 400 - Uniform Commercial 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 2026-09-03T22:23:28Z. Source file · JSON