Public-domain · open source
OpenJurist

O.C.G.A. § 11-3-408

Drawee not liable on unaccepted draft

Code 1981, § 11-3-408, enacted by Ga

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.

Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.