Michigan § 440.3408 - Check or draft; operation as assignment.
Full text of Michigan Michigan Compiled Laws § 440.3408 — Check or draft; operation as assignment. , with citation guidance and answers to common questions.
§ 440.3408. Check or draft; operation as assignment.
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.
Frequently Asked Questions About Michigan § 440.3408
What does Michigan Compiled Laws § 440.3408 cover?
Section 440.3408 ("Check or draft; operation as assignment. ") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 440.3408?
A common citation format is "Michigan Compiled Laws § 440.3408" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.3408 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.