Ohio Revised Code § 1303.45 - Drawee Not Liable On Unaccepted Draft - Ucc 3-408.

A check or other draft does not of itself operate as an assignment of any funds in the hands of the drawee available for its payment, and the drawee is not liable on the instrument until he accepts it.

Effective Date: 08-19-1994

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Last modified: October 10, 2016