Missouri Revised Statutes













Chapter 400

Uniform Commercial Code

←400.03-407

Section 400.3-408.1

400.03-409→

August 28, 2015

Drawee not liable on unaccepted draft.

400.3-408. 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.



(L. 1992 S.B. 448)



*No continuity with § 400.3-408 as repealed by L. 1992 S.B. 448.







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