N.C. Gen. Stat. § 25-3-408
Drawee not liable on unaccepted draft
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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.
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.
History
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.