Drawee not liable on unaccepted draft

810 ILCS 5/3-408, under Liability Of Parties.

810 ILCS 5/3-408

(810 ILCS 5/3-408) (from Ch. 26, par. 3-408)

    Sec. 3-408. 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.

(Source: P.A. 87-582.)