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S.C. Code Ann. § 36-3-408

Drawee not liable on unaccepted draft

Known as the Uniform Commercial Code

The act spans §§ 36–36 (519 sections).

1962 Code SECTION 10.3-408; 1966 (54) 2716; 2008 Act No. 204, SECTION 2, eff July 1, 2008.

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.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.