673.4081

Drawee not liable on unaccepted draft.

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673.4081 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 which are available for its payment, and the drawee is not liable on the instrument until the drawee accepts it.

History.—s. 2, ch. 92-82.

Notes of Decisions

Cited in 2 cases, 2008–2015 · leading case: Arnold, Matheny, Pa v. First Am. Holdings

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Arnold, Matheny, Pa v. First Am. Holdings (2008) fla · cites it 5× “See § 673.4081, Fla. Stat. We recognize that arguments have been made that not imposing a duty to stop payment on a non-bank garnishee may be the preferable policy.”

Braham v. Branch Banking & Trust Co. (2015) fladistctapp “Under section 673.4081, a drawee bank is not liable on a check until the bank “accepts” it.”

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