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.
K.S.A. 84-3-408
Drawee not liable on unaccepted draft
Applied in 1 court decision — leading case In Re Spencer (2006)
Most recently applied in In Re Spencer (June 2006)
L. 1991, ch. 296, § 45; February 1, 1992.
Official source: Kansas Office of Revisor of Statutes. Reproduced from public-domain Kansas statutes; confirm against the official source for the current text. Not legal advice.