(810 ILCS 5/3-408)
(from Ch. 26, par. 3-408)
Drawee not liable on unaccepted draft.
A check or other
draft does not of itself operate as an assignment of funds in the hands of
the drawee available for its payment, and the drawee is not liable on the
instrument until the drawee accepts it.
(Source: P.A. 87-582.)