Ohio Code 1303.45 – Drawee not liable on unaccepted draft – UCC 3-408
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A check or other draft does not of itself operate as an assignment of any funds in the hands of the drawee available for its payment, and the drawee is not liable on the instrument until he accepts it.
Terms Used In Ohio Code 1303.45
- Drawee: means a person ordered in a draft to make payment. See Ohio Code 1303.01