{"data":{"id":"us-wi/wis.-stat.-403.408","jurisdiction":"us-wi","citation":"Wis. Stat. § 403.408","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 it.","path":["Chs. 401-411, Uniform Commercial Code","Chapter 403 Uniform Commercial Code — Negotiable Instruments","SUBCHAPTER IV LIABILITY OF PARTIES"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/403.408","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:22Z","sha256":"852fa40bf58c5ba3eb33e3328829dce89d8878d20708e7fcde3457266f91583a","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-403.407","next":"us-wi/wis.-stat.-403.409"},"notice":"GroundRules: Original legal text. Not legal advice."}