Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS |
CHAPTER104. Uniform Commercial Code—Original Articles |
ARTICLE3. NEGOTIABLE INSTRUMENTS |
PART4. Liability of Parties |
NRS104.3408. Drawee not liable on unaccepted draft.
Latest version.
- 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)