Oregon Code § 73.0408·Enacted ·Last updated March 01, 2026
Statute Text
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. [1993 c.545 §49]
Plain English Explanation
This Oregon statute addresses Drawee
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 73.0408
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Drawee
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 73.0408. Use this format in legal documents and court filings.
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