Oklahoma Statutes
§ 12A-3-408 — Drawee Not Liable on Unaccepted Draft.
Oklahoma·Title 12A Uniform Commercial Code
DRAWEE NOT LIABLE ON UNACCEPTED DRAFT 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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Oklahoma § 12A-3-408 (Drawee Not Liable on Unaccepted Draft.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1961, p. 111, § 3-408; Laws 1991, c. 117, § 71, eff. Jan. 1, 1992.
Nearby Sections
15
§ 12A-1-101
Short titles.§ 12A-1-102
Scope of article.§ 12A-1-104
Construction against implicit repeal.§ 12A-1-106
Use of singular and plural - Gender.§ 12A-1-107
Section captions.§ 12A-1-108
Repealed§ 12A-1-108.1
Relationship to Electronic Signatures in Global and§ 12A-1-202
Notice - Knowledge.§ 12A-1-203
Lease distinguished from security interest.§ 12A-1-204
"Value".§ 12A-1-205
Reasonable time - Seasonableness.§ 12A-1-206
Presumptions.