§ 8-102. Rules of construction

Latest version.

   (a) Insufficient funds. -- For purposes of this subtitle, a drawer has insufficient funds with a drawee to cover a check when the drawer has with the drawee:

   (1) no account;

   (2) only a closed account;

   (3) no funds; or

   (4) funds in an amount that is less than the amount needed to cover the check.

(b) Insufficient funds -- No account. -- A check dishonored for "no account" has been dishonored for "insufficient funds".

HISTORY: An. Code 1957, art. 27, § 140(d); 2002, ch. 26, § 2.

                    
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