Mo. Rev. Stat. § 400.3-408
Drawee not liable on unaccepted draft
Missouri · Revised Statutes of Missouri Chapter 400 — Uniform Commercial Code · Status: effective · Effective 1992-08-28
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- Citation
- Mo. Rev. Stat. § 400.3-408, Drawee not liable on unaccepted draft, Missouri, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1815005
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Full text
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.