Colorado Statutes
§ 4-3-408 — Drawee not liable on unaccepted draft
Colorado § 4-3-408
This text of Colorado § 4-3-408 (Drawee not liable on unaccepted draft) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 4-3-408 (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
Source: L. 94: Entire article R&RE, p. 865, � 1, effective January 1, 1995.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of article§ 4-1-104
Construction against implied repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - gender§ 4-1-107
Captions§ 4-1-201
General definitions§ 4-1-202
Notice - knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - seasonableness§ 4-1-302
Variation by agreement§ 4-1-304
Obligation of good faithCite This Page — Counsel Stack
Bluebook (online)
Colorado § 4-3-408, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/04/4-3-408.