Alabama Statutes
§ 7-3-408 — Drawee Not Liable on Unaccepted Draft
Alabama § 7-3-408
This text of Alabama § 7-3-408 (Drawee Not Liable on Unaccepted Draft) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 7-3-408 (2026).
Text
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.
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Legislative History
(Acts 1995, No. 95-668, p. 1381, §1.)
Nearby Sections
15
§ 7-1-101
Short Titles§ 7-1-102
Scope of Article§ 7-1-104
Construction Against Implied Repeal§ 7-1-105
Severability§ 7-1-106
Use of Singular and Plural; Gender§ 7-1-107
Section Captions§ 7-1-109
Section Captions§ 7-1-201
General Definitions§ 7-1-202
Notice; Knowledge§ 7-1-204
Value§ 7-1-205
Reasonable Time; Seasonableness§ 7-1-206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
Alabama § 7-3-408, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/7-3-408.