Arizona Statutes
§ 47-3408 — Drawee not liable on unaccepted draft
Arizona § 47-3408
JurisdictionArizona
Title 47Arizona Revised Statutes
Ch. 3NEGOTIABLE INSTRUMENTS
Art. 4Liability of Parties
This text of Arizona § 47-3408 (Drawee not liable on unaccepted draft) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ariz. Rev. Stat. Ann. § 47-3408 (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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Nearby Sections
15
§ 47-10101
Provision for transition§ 47-1101
Short title§ 47-1102
Scope of chapter§ 47-1103
Construction to promote purposes and policies; applicability of supplemental principles of law§ 47-1104
Construction against implied repeal§ 47-1105
Severability§ 47-1106
Use of singular and plural; gender§ 47-1107
Section captions§ 47-1201
General definitions§ 47-1202
Notice; knowledge§ 47-1204
Value§ 47-1205
Reasonable time; "seasonably"§ 47-1206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
Arizona § 47-3408, Counsel Stack Legal Research, https://law.counselstack.com/statute/az/47-3408.