13 Pa.C.S. § 3408 – Drawee not liable on unaccepted draft | Midpage
§ 3408
13 Pa.C.S. § 3408
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.