...or certified, the drawer and all indorsers are discharged from liability thereon. § 196. A cheque of itself does not operate as an assignment of any...holder unless and until it accepts or certifies the cheque. •• [In the Xew York Statute, an article follows concerning Notes given for Patent Rights...

...as tending to embarrass the administration of publice affairs.3 § 385. Checks as Assignments. — "A check of itself does not operate as an assignment...unless and until it accepts or certifies the check." 1 This is the rule of the law merchant, enacted in the Uniform Act concerning Negotiable Instruments....

...accepted or certified, the drawer and all indorsers are discharged from liability thereon. Section 189. A check, of itself, does not operate as an assignment of any part of the funds to the credit of mentthe drawer with the bank, and the bank is not liable to the holder unless and until it accepts...

...3 Liability of hank to holder. SECTION 200. A check of itself does not operate as an assign- 1 ment of any part of the funds to the credit of the drawer with the 2 i6(iray,'M?5.' bank, and the bank is not liable to the holder unless and until it 3 accepts or certifies...

...liability thereon. SEC. 1493. CHECK NOT AN ASSIGNMENT OF FUNDS. — A check of . Check not an asitself does not operate as an assignment of any part of the funds to HÍenmeut of funds. the credit of the drawer with the bank, and the bank is not liable to the holder...

...unless the bank has previously certified or accepted the check for payment. A check (unless certified) does not operate as an assignment of any part of the funds of the drawer, and the bank is not liable to the holder. (Sec. 325.) Forged Checks. The contract between...

...indorsers are discharged from liability thereon. ^ec- 3177Z- [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. SUBDIVISION 4. General Provisions. Sec. 3178. [Definitions and meaning of terms.] In this chapter,...

...indorsers are discharged from liability thereon. Sec. 3177". [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. SUBDIVISION 4. General Provisions. Sec. 31/8. [Definitions and meaning of terms.] In this chapter,...

...Lafayette Bank, 51 Ohio St. 100; Bank v. Carter, supra. §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) As to this there is considerable conflict in the authorities. The rule adopted in the act...

...contract between payee and drawee; neither' is the drawee a debtor to the payee depositor, because a check does not operate as an assignment of any part of the...the drawer with the bank and the bank is not liable unless it accepts or certifies the check. 8. EFFECT OP STOP ORDER ON PAYEE.-The payee can not insist...