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.
N.C. Gen. Stat. § 25-3-408
Drawee not liable on unaccepted draft
Known as the Uniform Commercial Code
The act spans §§ 25–25 (616 sections).
Applied in 1 court decision — leading case 126 N.C. App. 252 - Creekmore v. Creekmore (1997)
Most recently applied in 126 N.C. App. 252 - Creekmore v. Creekmore (May 1997)
1899, c. 733, ss. 127, 189; Rev., ss. 2277, 2339; C.S., ss. 3109, 3171; 1965, c. 700, s. 1; 1995, c. 232, s. 1.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.