§ 25-3-408. Drawee not liable on unaccepted draft. - North Carolina Statutes

§ 25‑3‑408. Drawee not liable on unaccepted draft.

A check or other draft doesnot of itself operate as an assignment of funds in the hands of the draweeavailable for its payment, and the drawee is not liable on the instrument untilthe drawee accepts it. (1899, c. 733, ss. 127, 189; Rev., ss. 2277, 2339;C.S., ss. 3109, 3171; 1965, c. 700, s. 1; 1995, c. 232, s. 1.)