Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 12a-3-408 — Oklahoma Law | CourtGPT
  1. Home/
  2. Laws/
  3. Oklahoma/
  4. Title 12a - Commercial Code§12a-1-9-101. Short Title/
  5. Chapter 1/
  6. § 12a-3-408
Oklahoma Legal Code

§ 12a-3-408

Ask AI about this
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 the drawee accepts it.Laws 1961, p. 111, § 3-408; Laws 1991, c. 117, § 71, eff. Jan. 1, 1992.