Oklahoma Statutes
§ 12A-3-408 — Drawee Not Liable on Unaccepted Draft.
Oklahoma § 12A-3-408
JurisdictionOklahoma
Title 12AUniform Commercial Code
This text of Oklahoma § 12A-3-408 (Drawee Not Liable on Unaccepted Draft.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Okla. Stat. tit. 12A, § 12A-3-408 (2026).
Text
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.
Free access — add to your briefcase to read the full text and ask questions with AI
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Repealed§ 12A-1-108.1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.Cite This Page — Counsel Stack
Bluebook (online)
Oklahoma § 12A-3-408, Counsel Stack Legal Research, https://law.counselstack.com/statute/ok/12A/12A-3-408.