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.
Miss. Code Ann. § 75-3-408
Drawee not liable on unaccepted draft
Known as the Uniform Commercial Code
The act spans §§ 75–75 (480 sections).
Former § 75-3-408: Codes, 1942, § 41A:3-408; Laws, 1966, ch. 316, § 3-408; Laws, 1992, ch. 420, § 46, eff from and after January 1, 1993.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.