§ 3–408
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 3-408 (2026)
Title 3. Negotiable Instruments
Subtitle 4. Liability of Parties
§ 3–408LinkCopy Citation
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.