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. The Southern Reporter - Page 2661920Full view - About this book
| Ohio. Supreme Court - 1909 - 616 pages
..."A check is a bill of exchange drawn on a bank payable on demand." And Section 3177s is as follows: "A check of itself does not operate as an assignment...unless and until it accepts or certifies the check." But this is a certified check. Air. Daniel says (Section 1602) that the certification of checks is... | |
| 1907 - 2170 pages
...TRANSFER OF PROPERTY BY BANKRUPT — UNPAID CHECK. Under Gen. St. 1902, § 43i>0, which provides that "a check of Itself does not operate as an assignment...holder, unless and until it accepts or certifies the chock," the payee of a check drawn against a sufficient deposit and presented two days before the flling... | |
| 1919 - 1022 pages
...565, 54 Рас. 434 ; 2 Michie on Banks and Banking, 1129. [81 In section 6022, LOL, it Is said that "the bank is not liable to the holder unless and until it accepts or certifies to the check." Hunt countermanded payment of the check before the bank had either paid or accepted... | |
| 1912 - 1170 pages
...payment was immaterial in an action ou the bill, for LOL §§ 5900. 6022, provides that a check or bill does not operate as an assignment of any part of the funds of the drawer, and that the payor is not liable until acceptance. LKd. Note. — For other cases, see... | |
| 1924 - 1232 pages
...Instruments Law, art. GOOIA, g 189 (Vernon's Ann. Civ. St. Supp. 1922, art. 6001—189), it is declared that: "A check of itself does not operate as an assignment...unless and until it accepts or certifies the check." True, a contrary effect may be given where the evidence clearly shows an intent on the part of the... | |
| 1905 - 1246 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... | |
| Maryland - 1898 - 700 pages
...or certified, the drawer and all indorsers are discharged from liability thereon. 56 CHANCERY. 208. A check of itself does not operate as an assignment...unless and until it accepts or certifies the check. ARTICLE XVI. CHANCERY. Declaratory Decrees. 30. Only declaratory suiis may be brought and decrees passed... | |
| 1915 - 1282 pages
...does not, in view of Negotiable Instruments Law (Consol. Laws, c. 38) § 325, declaring that a check does not operate as an assignment of any part of the funds to the credit of the drawer and the bank is not liable unless it accepts or certifies the check, constitute a valid gift inter... | |
| 1914 - 1254 pages
...express provisions of Negotiable Instruments Law (Consol. Laws, c. 38) § 325, a check of Itself Is not an assignment of any part of the funds to the credit of the drawer In the bank, and the bank Is not liable to the holder until It accepts or certifies the check. [Ed.... | |
| Iowa. General Assembly. House of Representatives - 1897 - 1164 pages
...accepted or certified, the drawer and all indorsers are discharged from liability thereon. Sec. 196. A check of itself does not operate as an assignment...unless and until it accepts or certifies the check. That sections two (2), three (3), four (4), five (5), six (6), twelve (12), thirteen (13), fourteen... | |
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