 A check of itself does not operate as an assignment of any part of the funds to the credit of the drawer with the bank, and the bank is not liable to the holder, unless and until it accepts or certifies the check.  American law reports annotated - Page 1811925Full view - About this book
 | Kentucky - 1904 - 378 pages
...thereon. Bank not liable § 189. A check of itself does not operate as an ascertifies a oheck. sigitment of any part of the funds to the credit of the drawer...unless and until it accepts or certifies the check. TITLE IV.— GENERAL PROVISIONS. ARTICLE I. i!90. Tn this act. unless the context otherwise re- , ,... | |
 | Charles Monfort Lindsay - 1904 - 204 pages
...not operate as an assignment of any part of the funds to the credit of the drawer with the bank (a), and the bank is not liable to. the holder, unless and until it accepts or certifies the check Eaton and Gilbert, Com. Paper, 636. Norton, B. & N., 419. (a) This has changed the law of Kentucky... | |
 | Connecticut. Office of Bank Commissioner - 1904 - 446 pages
...assignment of any part of the funds to the credit of the drawer with the bank, and the bank is not.liable to the holder, unless and until it accepts or certifies the check. [General Statutes, Chapter 235.] General Provisions. § 4360. Negotiable instruments delivered prior... | |
 | 1905 - 1286 pages
...the maker operate to change the foregoing rule? Section 325 of the negotiable instruments law reads as follows: "A check of Itself does not operate as...unless and until it accepts or certifies the check." Section 324 of the same act declares: "Where the holder of a check procures it to be accepted or certified... | |
 | North Carolina, Thomas Brown Womack, Needham Y. Gulley, William R. Rodman - 1905 - 1412 pages
...indorsers are discharged from liability thereon. 1899, c. 733, s. 188. 2339. Check not assignment of funds. A check of itself does not operate as an assignment...unless and until it accepts or certifies the check. 1899, c. 733, s. 189. XX. GENERAL PROVISIONS. 2340. Terms defined. In this chapter, unless the context... | |
 | Michigan - 1905 - 754 pages
...assign- when hanks ment of anypart of the funds to the credit of the drawer wlthliableoi":heck»the bank, and the bank is not liable to the holder unless and until it accepts or certifies the check. SEC. 192. All acts and parts of acts inconsistent with the Repealing ci>iu'e. foregoing provisions... | |
 | Robert Emmet Bunker, Michigan - 1905 - 392 pages
...does not operate as an assignment of any part of the funds to the credit of the drawer with the hank, and the bank is not liable to the holder unless and until it accepts or certifies the check.1 1 — Whether, in the absence of statute, a check operates as an assignment of any part of... | |
 | Emilius Oviatt Randall - 1906 - 238 pages
...indorsers are discharged from liability thereon. 31770 (5086) [Where Check Operates as an Assignment.] A check of itself does not operate as an assignment...unless and until it accepts or certifies the check. Where the drawer of a check has no account individually with the bank upon which the check is drawn,... | |
 | District of Columbia - 1906 - 442 pages
...all indorsers are discharged from liability thereon. Sec. 1493. CHECK NOT AN ASSIGNMENT OF FUNDS. — A check of itself does not operate as an assignment...unless and until it accepts or certifies the check. CHAPTER XL VIE. PARTNERS. Sec. 1494. COMPOSITION WITH CREDITORS ON DISSOLUTION. — Where a partnership... | |
 | New York (State). Board of Statutory Consolidation - 1907 - 1252 pages
...all indorsers are discharged from liability thereon. § 325. When check operates as an assignment. A check of itself does not operate as an assignment...unless and until it accepts or certifies the check. § 326. Recovery of forged check. No bank shall be liable to a depositor for the payment by it of a... | |
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