 | Law reports, digests, etc - 1904 - 1240 pages
...drawer and all indorsers are discharged from liability thereon. Section 325 (page 750) provides that a check of itself does not operate as an assignment of any part of tinfunds to the credit of the drawer with the bank, and the bank is not liable to the bolder, unless... | |
 | North Carolina, Thomas Brown Womack, Needham Y. Gulley, William R. Rodman - Law - 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... | |
 | Robert Emmet Bunker, Michigan - Bills of exchange - 1905 - 392 pages
...409, 80 NY Supp. 58 (a case under the statute). Sec. 191. When check operates as an assignment.— A check of itself does not operate as an assignment...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... | |
 | Law reports, digests, etc - 1905 - 1286 pages
...which it is drawn, the certification is equivalent to an acceptance" ; and section 325 provides that "a check of itself does not operate as an assignment...any part of the funds to the credit of the drawer to the bank, and the bank is not liable to the holder unless or until it accepts or certifies the check."... | |
 | Michigan - Session laws - 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... | |
 | District of Columbia - Law - 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... | |
 | Emilius Oviatt Randall - Negotiable instruments - 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,... | |
 | Tennessee. Supreme Court, William Wilcox Cooke, Joseph Brown Heiskell, Jere Baxter, Benjamin James Lea, George Wesley Pickle, Charles Theodore Cates, Frank Marian Thompson, Charles Le Sueur Cornelius, Roy Hood Beeler - Law reports, digests, etc - 1906 - 836 pages
...after which payment, if made, is at the peril of the bank. A check of this kind is not an appropriation of any part of the funds to the credit of the drawer with the bank, and does not constitute any claim or right of action against the bank until it is accepted or certified... | |
 | Illinois - Law - 1907 - 644 pages
...accepted or certified, the drawer and all indorsers are discharged from liability thereon. § 188. A check of itself does not operate as an assignment...check. TITLE IV. — GENERAL PROVISIONS. ARTICLE I. "Acceptance" means an acceptance completed by delivery or notification. "Action" includes counter-claim... | |
 | Alabama - Law - 1907 - 1034 pages
...drawer and ludorsers an(j ajj indorsers are discharged from liabiliiv discharged. ,, thereon. Section 189. A check of itself does not operate as an assignment...unless and until it accepts or certifies the check. Section 190. This act shall be known as the Act known as. "Negotiable instrument Law." Meantne of Section... | |
| |
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. 
