Vermont § 409 - § 3—409.
Full text of Vermont Vermont Statutes Online § 409 — § 3—409., with citation guidance and answers to common questions.
§ 409. § 3—409.
- Acceptance of draft; certified check (a) “Acceptance” means the drawee’s signed agreement to pay a draft as presented. It must
be written on the draft and may consist of the drawee’s signature alone. Acceptance
may be made at any time and becomes effective when notification pursuant to instructions
is given or the accepted draft is delivered for the purpose of giving rights on the
acceptance to any person. (b) A draft may be accepted although it has not been signed by the drawer, is otherwise
incomplete, is overdue, or has been dishonored. (c) If a draft is payable at a fixed period after sight and the acceptor fails to date
the acceptance, the holder may complete the acceptance by supplying a date in good
faith. (d) “Certified check” means a check accepted by the bank on which it is drawn. Acceptance
may be made as stated in subsection (a) of this section or by a writing on the check
which indicates that the check is certified. The drawee of a check has no obligation
to certify the check, and refusal to certify is not dishonor of the check. (Added 1993, No. 158 (Adj. Sess.), § 12, eff. Jan. 1, 1995.)
Frequently Asked Questions About Vermont § 409
What does Vermont Statutes Online § 409 cover?
Section 409 ("§ 3—409.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 409?
A common citation format is "Vermont Statutes Online § 409" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 409 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.