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.
Tenn. Code Ann. § 47-3-408
Drawee not liable on unaccepted draft
Known as the Uniform Commercial Code
The act spans §§ 47–47 (578 sections).
Acts 1995, ch. 397, § 2.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.