{"data":{"id":"us-ak/as-45.03.408","jurisdiction":"us-ak","citation":"AS 45.03.408","heading":"Drawee not liable on unaccepted draft.","body":"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 the instrument.","path":["Title 45. Trade and Commerce.","Chapter 03. Negotiable Instruments.","Article 4. Liability of Parties."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.03.408","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"5fccc125b04dc1e110d42d466daaf4d6182096e9d547e4f35928dad74c7bd093","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.03.407","next":"us-ak/as-45.03.409"},"notice":"GroundRules: Original legal text. Not legal advice."}