Drawee not liable on unaccepted draft

Wis. Stat. § 403.408
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/403.408Fetched: 10/7/2026