Wisconsin Statutes
§ 403.408 — Drawee not liable on unaccepted draft.
Wisconsin § 403.408
JurisdictionWisconsin
Ch. 403Uniform commercial code — negotiable instruments
Subch.subch. IV of ch. 403 SUBCHAPTER IV
LIABILITY OF PARTIES
This text of Wisconsin § 403.408 (Drawee not liable on unaccepted draft.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wis. Stat. § 403.408 (2026).
Text
403.408 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
403.408 History History: 1995 a. 449 .
Nearby Sections
15
§ 403.102
Subject matter.§ 403.103
Definitions.§ 403.104
Negotiable instrument.§ 403.105
Issue of instrument.§ 403.106
Unconditional promise or order.§ 403.107
Instrument payable in foreign money.§ 403.109
Payable to bearer or to order.§ 403.111
Place of payment.§ 403.112
Interest.§ 403.113
Date of instrument.§ 403.114
Contradictory terms of instrument.§ 403.115
Incomplete instrument.Cite This Page — Counsel Stack
Bluebook (online)
Wisconsin § 403.408, Counsel Stack Legal Research, https://law.counselstack.com/statute/wi/403.408.