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Act No. 2031 Section 127

Act No. 2031 Section 127

Bill not an assignment of funds in hands of drawee.

Section 127

SEC. 127. Bill not an 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.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER IX. →

Other provisions in CHAPTER IX.

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 2031 Section 127 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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Act No. 2031, full textChapter navigation and full text, so you can read this section in contextPhilippines legislationPhilippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and yearCHAPTER IX. — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections