554.3408 Drawee not liable on unaccepted draft. 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 thedrawee accepts it. 94 Acts, ch 1167, §55, 121, 122 Sat Dec 23 01:56:56 2023 Iowa Code 2024, Section 554.3408 (24, 0)
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