 Where the acceptor has been adjudged a bankrupt or an insolvent or has made an assignment for the benefit of creditors, before the bill matures, the holder may cause the bill to be protested for better security against the drawer and indorsers.  Journal of the Institute of Bankers - Page 523by Institute of Bankers (Great Britain) - 1882Full view - About this book
 | New York (State) - Law - 1897 - 996 pages
...demand on, the drawee is necessary. § 265. Protest both for non-acceptance and non-payment. — A Mil 'which has been protested for non-acceptance may be subsequently protested for non-payment. § 266. Protest before maturity where acceptor insolvent. — Where the acceptor has been adjudged... | |
 | Gold Coast, Sir William Brandford Griffith - Law - 1898 - 714 pages
...appear on the face of it to be a foreign bill, protest thereof in case of dishonour is unnecessary. (3) A bill which has been protested for non-acceptance may be subsequently protested for non-payment. (4:} Subject to the provisions of this Ordinance, when a bill is noted or protested, it must be noted... | |
 | Utah - 1899 - 206 pages
...drawee is necessary. Sec. 157. If Protested for Non-Acceptance May Also be Protested for Non-Payment. A bill which has been protested for nonacceptance may be subsequently protested for non-payment. Sec. 158. Where Acceptor Insolvent. Where the acceptor has been adjudged a bankrupt or an insolvent... | |
 | Joseph Fitz Randolph - Commercial law - 1899 - 1068 pages
...appear on the face of it to be a foreign bill, protest thereof in case of dishonor is unnecessary. (3) A bill which has been protested for non-acceptance may be subsequently protested for non-payment. (4) Subject to the provisions of this act, when a bill is noted or protested, it must be noted on the... | |
 | Washington (State) - Law - 1899 - 476 pages
...payable, and no further presentment for payment to, or demand on, the drawee is necessary. SEC. 157. A bill which has been protested for nonacceptance may be subsequently protested for nonpayment. SEC. 158. Where the acceptor has been adjudged a bankrupt or an insolvent or has made an assignment... | |
 | Melville Madison Bigelow - Checks - 1900 - 396 pages
...no distinction, except in order of terms, between a notary and ' any respectable resident.' § 164. A bill which has been protested for non-acceptance may be subsequently protested for non-payment. § 165. Where the acceptor has been adjudged a bankrupt or an insolvent, or has made an assignment... | |
 | Leslie Jay Tompkins - Checks - 1901 - 220 pages
...further presentment for payment to, or demand on, the drawee is necessary. (Sec. 264.) As stated before, a bill which has been protested for non-acceptance may be subsequently protested for non-payment. (Sec. 265.) This is not necessary, however, unless in the meantime the bill has been accepted. Protest... | |
 | Pennsylvania. Laws, statutes, etc - Law - 1901 - 1022 pages
...payable, and no further presentment for payment to, or demand on, the drawee is necessary. Section 157. A bill which has been protested for nonacceptance may be subsequently protested for non-payment. Section 158. Where the acceptor has been adjudged a bankrupt or an insolvent, or has made an assignment... | |
 | District of Columbia - Law - 1902 - 400 pages
...the drawee is necessary. Sec. 1461. BILL MAY BE PROTESTED FOR BOTH NONACCEPTANCE AND NONPAYMENT. — A bill which has been protested for nonacceptance may be subsequently protested for nonpayment. Sec. 1462. PROTEST FOR BETTER SECURITY. — Where the acceptor has been adjudged a bankrupt or an insolvent,... | |
 | Scotland - Law - 1900 - 594 pages
...appear on the face of it to be a foreign bill, protest thereof in case of dishonour is unnecessary. (3.) A bill which has been protested for non-acceptance may be subsequently protested for non-payment. (4.) Subject to the provisions of this Act, when a bill is noted or protested, it must be noted on... | |
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