Title 104 · NRS Chapter 104
Drawee not liable on unaccepted draft.
Citation: NRS 104.3408
Section: 104.104.3408
NRS
104.3408
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.
(Added to NRS by 1965, 829 ; A 1993, 1282 )