Minnesota Statutes
§ 336.3-408 — 336.3-408 DRAWEE NOT LIABLE ON UNACCEPTED DRAFT.
Minnesota § 336.3-408
This text of Minnesota § 336.3-408 (336.3-408 DRAWEE NOT LIABLE ON UNACCEPTED DRAFT.) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Minn. Stat. § 336.3-408 (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
1992 c 565 s 48
Nearby Sections
15
§ 336.3-101
336.3-101 SHORT TITLE.§ 336.3-102
336.3-102 SUBJECT MATTER.§ 336.3-103
336.3-103 DEFINITIONS.§ 336.3-104
336.3-104 NEGOTIABLE INSTRUMENT.§ 336.3-105
336.3-105 ISSUE OF INSTRUMENT.§ 336.3-106
336.3-106 UNCONDITIONAL PROMISE OR ORDER.§ 336.3-109
336.3-109 PAYABLE TO BEARER OR TO ORDER.§ 336.3-111
336.3-111 PLACE OF PAYMENT.§ 336.3-112
336.3-112 INTEREST.§ 336.3-113
336.3-113 DATE OF INSTRUMENT.§ 336.3-114
336.3-114 CONTRADICTORY TERMS OF INSTRUMENT.§ 336.3-115
336.3-115 INCOMPLETE INSTRUMENT.Cite This Page — Counsel Stack
Bluebook (online)
Minnesota § 336.3-408, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/336.3-408.