{"data":{"id":"us-or/ors-73.0408","jurisdiction":"us-or","citation":"ORS 73.0408","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 it.","path":["02 - Business Organizations, Commercial Code","8. Commercial Transactions","Chapter 73 — Negotiable Instruments"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors073.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:10Z","sha256":"852fa40bf58c5ba3eb33e3328829dce89d8878d20708e7fcde3457266f91583a","source_id":"us-or","stale":false,"prev":"us-or/ors-73.0407","next":"us-or/ors-73.0409"},"notice":"GroundRules: Original legal text. Not legal advice."}