Georgia CommonsTitle 11. COMMERCIAL CODE · Chapter 3. · Article 3. NEGOTIABLE INSTRUMENTS · Part 4. LIABILITY OF PARTIES
11-3-409. Acceptance of draft; certified check.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
- (a)
“Acceptance” means the drawee’s signed agreement to pay a draft as presented. It must be written on the draft and may consist of the drawee’s signature alone. Acceptance may be made at any time and becomes effective when notification pursuant to instructions is given or the accepted draft is delivered for the purpose of giving rights on the acceptance to any person.#
- (b)
A draft may be accepted although it has not been signed by the drawer, is otherwise incomplete, is overdue, or has been dishonored.#
- (c)
If a draft is payable at a fixed period after sight and the acceptor fails to date the acceptance, the holder may complete the acceptance by supplying a date in good faith.#
- (d)
“Certified check” means a check accepted by the bank on which it is drawn. Acceptance may be made as stated in subsection (a) of this Code section or by a writing on the check which indicates that the check is certified. The drawee of a check has no obligation to certify the check, and refusal to certify is not dishonor of the check.#
History
Code 1981, § 11-3-409, enacted by Ga. L. 1996, p. 1306, § 3.
Cross references
Certain misdemeanors of directors, officers, agents, and employees of financial institutions,, § 7-1-843.
Read the official page (the state's PDF, opened at the page this text was read from).
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
Text read from t11-(v9)-2022-pdf.pdf, Volume V9, 2022 edition, page 433; merge action: carried; file SHA-256 ad397fccbf21.
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