 | New York (State). Board of Statutory Consolidation - Law - 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... | |
 | Pennsylvania - Banking law - 1907 - 194 pages
...liability thereon.— Act of 16th of May, 1901, Sec. 188, PL 194. A Check not an Assignment. Sec. 378. A check of itself, does not operate as an assignment...unless and until it accepts or certifies the check.— Act of 16th of May, 1901, Sec. 189, PL 194. AN ACT TO AUTHORIZE BANKS TO IMPROVE REAL ESTATE FOR THE... | |
 | Albert Sidney Bolles - Banking law - 1907 - 632 pages
...Co., This also is the rule wherever the Negotiable Instruments law prevails. It plainly declares that "a check of itself does not operate as an assignment...holder, unless and until it accepts or certifies the check."3 2. Except in States Where Check is an Assignment of Deposit. In Illinois,4 South Carolina,5... | |
 | Joseph Asbury Joyce - 1907 - 1244 pages
...provable by extrinsic evidence. 30 Again, the negotiable instruments law of New York also provides that a check of itself does not operate as an assignment...the drawer with the bank, and the bank is not liable M First National Bank of Jersey M Schlesinger v. Kurzrok, 94 NY City v. Leach, 52 NY 350, 11 Am. Supp.... | |
 | Rhode Island - 1907 - 1310 pages
...as an assignment of any part of the fund to the credit of the drawer, with the bank, and the drawee bank is not liable to the holder unless and until it accepts or certifies the check, and as, except as otherwise provided and there is no exception, the provisions of the NIL applicable... | |
 | Albert H. Putney - Law - 1908 - 394 pages
...DOES NOT OPERATE AS ASSIGNMENT OF FUND UNTIL ACCEPTANCE.] § 189. A check of *Note. — A« per copy. itself does not operate as an assignment of any part...check. TITLE IV.— GENERAL PROVISIONS. ARTICLE I. [TITLE OF ACT.] § 190. This act shall be known as the Negotiable Instrument Law. [MEANING OF WORDS... | |
 | Albert Hutchinson Putney - Law - 1908 - 396 pages
...DOES NOT OPERATE AS ASSIGNMENT OF FUND UNTIL ACCEPTANCE.] § 189. A check of *Noto. — As per copy. itself does not operate as an assignment of any part...check. TITLE IV.— GENERAL PROVISIONS. ARTICLE I. [TITLE OF ACT.] § 190. This act shall be known as the Negotiable Instrument Law. [MEANING OF WORDS... | |
 | Joseph Doddridge Brannan - Bills of exchange - 1908 - 276 pages
...it to be accepted or certified, the drawer and all indorsers are discharged from liability thereon.2 Sec. 189. A check of itself does not operate as an...holder, unless and until it accepts or certifies the check.3 TITLE IV. GENERAL PROVISIONS ARTICLE I. Sec. 190. This act shall be known as the Negotiable... | |
 | John Jay Crawford - Negotiable instruments - 1908 - 366 pages
...drawer. First Nat. Bank t>. Currie, 147 Mich. 72. § 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 (a). (a) Statute applied in Baltimore & Ohio RR Co. v. First Nat. Bank, 102 Va. 753; Van Buskirk v.... | |
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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. 
