Louisiana Statutes
§ 10:3-408 — Drawee not liable on unaccepted draft
Louisiana § 10:3-408
JurisdictionLouisiana
Title 10Commercial Laws
This text of Louisiana § 10:3-408 (Drawee not liable on unaccepted draft) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 10:3-408 (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 1992, No. 1133, §3, eff. July 1, 1993; Acts 1993, No. 948, §10, eff. Jan. 1, 1994.
Nearby Sections
15
§ 10:3-101
§ 10:3-101§ 10:3-102
Subject matter§ 10:3-103
Definitions§ 10:3-104
Negotiable instrument§ 10:3-105
Issue of instrument§ 10:3-106
Unconditional promise or order§ 10:3-107
Instrument payable in foreign money§ 10:3-108
Payable on demand or at definite time§ 10:3-109
Payable to bearer or to order§ 10:3-111
Place of payment§ 10:3-112
Interest§ 10:3-113
Date of instrument§ 10:3-114
Contradictory terms of instrument§ 10:3-115
Incomplete instrumentCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 10:3-408, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/10%3A3-408.