Ohio Rev. Code Ann. § 1303.45 – Drawee not liable on unaccepted draft - UCC 3-408 | Midpage
§ 1303.45
Ohio Rev. Code Ann. § 1303.45
Drawee not liable on unaccepted draft - UCC 3-408
Effective Aug 19, 1994Senate Bill 147 - 120th General Assembly
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.