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BILLS OF EXCHANGE ACT 1909 - SECT 53 Notice of dishonour and effect of non - notice

BILLS OF EXCHANGE ACT 1909 - SECT 53

Notice of dishonour and effect of non - notice

    Subject to the provisions of this Act, when a bill has been dishonoured by non - acceptance or by non - payment, notice of dishonour must be given to the drawer and each indorser, and any drawer or indorser to whom such notice is not given is discharged:

Provided that:

  (a)   where a bill is dishonoured by non - acceptance, and notice of dishonour is not given, the rights of a holder in due course, subsequent to the omission, shall not be prejudiced by the omission; and

  (b)   where a bill is dishonoured by non - acceptance, and due notice of dishonour is given, it shall not be necessary to give notice of a subsequent dishonour by non - payment, unless the bill has in the meantime been accepted.