{"code":"COM","codeName":"Commercial Code","section":"3408","citation":"Com. Code, § 3408","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 3. NEGOTIABLE INSTRUMENTS [3101. - 3605.]","url":"https://blackletter.si/commercial-code/division-3"},{"name":"CHAPTER 4. Liability of Parties [3401. - 3420.]","url":"https://blackletter.si/commercial-code/division-3/chapter-4"}],"history":"Repealed and added by Stats. 1992, Ch. 914, Sec. 6.   Effective January 1, 1993.","effective":"1993-01-01","html":"<p>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/commercial-code/liability-of-parties-3408","source":"California Legislative Information bulk export (pubinfo)"}