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NEVADA STATUTES AND CODES

104.3408 - Drawee not liable on unaccepted draft.

104.3408  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.

      (Added to NRS by 1965, 829; A 1993, 1282)—(Substituted in revision for NRS 104.3409)

     

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