Virginia § 8.3A-408 - Drawee not liable on unaccepted draft
Full text of Virginia Code of Virginia § 8.3A-408 — Drawee not liable on unaccepted draft, with citation guidance and answers to common questions.
§ 8.3A-408. 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.
Code 1950, §§ 6-480, 6-543; 1964, c. 219, § 8.3-409; 1992, c. 693.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 8.3A-408
What does Code of Virginia § 8.3A-408 cover?
Section 8.3A-408 ("Drawee not liable on unaccepted draft") is part of the Code of Virginia, the codified statutory law of Virginia. 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 Virginia § 8.3A-408?
A common citation format is "Code of Virginia § 8.3A-408" (Virginia). 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 Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 8.3A-408 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia 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 Virginia.