Tex. Bus. & Com. Code § 3.408 · Subchapter D. LIABILITY OF PARTIES
DRAWEE NOT LIABLE ON UNACCEPTED DRAFT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Amended by Acts 1995, 74th Leg., ch. 921, Sec. 1, eff. Jan. 1, 1996.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.3.htm
- Text hash
- sha256 852fa40bf58c5ba3eb33e3328829dce89d8878d20708e7fcde3457266f91583a
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.