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Code · Arizona · Title 47 — Welfare, Social Services, and Institutions

47-3408. Drawee not liable on unaccepted draft

39 words·~1 min read·/az/title-47/47-3408

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.
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