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A.R.S. § 47-3408

Drawee not liable on unaccepted draft

Known as the Uniform Commercial Code

The act spans §§ 47–47 (86 sections).

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.

Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.