{"data":{"id":"us-ky/krs-355.3-408","jurisdiction":"us-ky","citation":"KRS 355.3-408","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\nthe drawee available for its payment, and the drawee is not liable on the instrument until\nthe drawee accepts it.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33478","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:44Z","sha256":"f8f464e81089f6b207a7d77f0976d08abd7523a6f7bef5902c85b03fcce86bf2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.3-407","next":"us-ky/krs-355.3-409"},"notice":"GroundRules: Original legal text. Not legal advice."}