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" A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same. "
Journal of the Institute of Bankers - Σελίδα 473
των Institute of Bankers (Great Britain) - 1882
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Acts of the Legislature of the State of Michigan, Μέρος 2

Michigan - 1905 - 754 σελίδες
...in money to order or to bearer. SEC. 129. A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same. SEC. 130. A bill may be addressed to...

The Code of Law for the District of Columbia: Enacted March 3, 1901, Amended ...

District of Columbia - 1906 - 442 σελίδες
...Sec. 1431. NOT AN ASSIGNMENT OF FUNDS. — A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same. Sec. 1432. To WHOM ADDRESSED. — A...

The Negotiable Instruments Law as Enacted by the State of Ohio and Other ...

Emilius Oviatt Randall - 1906 - 238 σελίδες
...Assignment of Funds in Hands of Drawee.] A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same. they are partners or not, but not to...

The Revised Statutes of Canada, 1906, Τόμος 3

Canada - 1907 - 1110 σελίδες
...compensation. Estoppel or to payee. Liabilities of Parties, 127. A bill, of itself, does not operate as an assignment of funds in the hands of the drawee available...required by this Act is not liable on the instrument. 53 V., c. 33, a. 53. 128. The acceptor of a bill, by accepting it, engages that he will pay it according...

Acts of the Legislature of West Virginia

West Virginia - 1907 - 710 σελίδες
...in money to order or to bearer. Sec. 127. A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same. jointly, whether they are partners...

Acts of the Legislative Assembly of the Territory of New Mexico, Session...

New Mexico - 1907 - 406 σελίδες
...in money to order or to bearer. Sec. 127. A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same. Sec. 128. A bill may be addressed to...

Report of the Board of Statutory Consolidation: Insurance law to Partnership law

New York (State). Board of Statutory Consolidation - 1907 - 1252 σελίδες
...an assignment of funds in hand* of drawee. A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof and the drawee is not liable on the bill unless and until he accepts the same. § 212. Bill addressed to more than...

Laws

Illinois - 1907 - 644 σελίδες
...certain in money to order or to bearer. § 126. A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accept? the same. § 127. A bill may be addressed to...

The Canadian Law of Banks and Banking: The Clearing House, Currency and ...

John Delatre Falconbridge - 1907 - 736 σελίδες
..."appropriation" of money in the hands of the banker is misleading. A cheque, like a bill, does not operate as an assignment of funds in the hands of the drawee available for the payment thereof (sec. 127); the holder cannot sue the bank which dishonours a cheque. (Hopkinson v. Forster, 1874,...

The Negotiable Instruments Law: With Comments and Criticisms

Joseph Doddridge Brannan, James Barr Ames, Lyman Denison Brewster, Charles Louis McKeehan - 1908 - 276 σελίδες
...as to checks specially, but section 53 (1) provides that " A bill, of itself, does not operate as an assignment of funds in the hands of the drawee available...required by this Act is not liable on the instrument." And section 73 provides that " Except as otherwise provided in this part, the provisions of this Act...




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