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RCW
62A.3-408
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.
[
1993 c 229 s 48
; 1965 ex.s. c 157 s 3-408. Cf. former RCW sections: (i) RCW
62.01.024
;
1955 c 35 s 62.01.024
; prior:
1899 c 149 s 24
; RRS s 3415. (ii) RCW
62.01.025
;
1955 c 35 s 62.01.025
; prior:
1899 c 149 s 25
; RRS s 3416. (iii) RCW
62.01.028
;
1955 c 35 s 62.01.028
; prior:
1899 c 149 s 28
; RRS s 3419.]
NOTES:
Recovery of attorneys' fees
—
Effective date
—
1993 c 229:
See RCW
62A.11-111
and
62A.11-112
.