 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
 | William Underhill Moore - Negotiable instruments - 1918 - 342 pages
...presentment for payment to, or demand on, the drawee is necessary. Tor non-payment.— Section 1681—14. A bill which has been protested for non-acceptance may be subsequently protested for non-payment. When acceptor a bankrupt. — Section 1681 — 15. Where the acceptor has been adjudged a bankrupt... | |
 | Newfoundland - Law - 1919 - 800 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 Chapter, when a bill is noted or protested, it must be noted... | |
 | Calvin Frank Allen - Business law - 1919 - 486 pages
...or demand on, the drawee is necessary. § 265. Protest both for non-acceptance and non-payment. — A bill 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... | |
 | Banking law - 1919 - 316 pages
...10126.) Sec. 943. Bill protested for nonacceptance may be subseluently protested for nonpayment. — A bill which has been protested for nonacceptance may be subsequently protested for nonpayment. (RS 1909, § 10127.) Protest for non-payment. — Protest for non-payment after protest for nonacceptance.... | |
 | Ernest Gustav Lorenzen - Bills of exchange - 1919 - 348 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 the... | |
 | California - 1919 - 2242 pages
...the drawee is necessary. See note to § 30S2. § 3238. Protest both for nonacceptance and nonpayment. A bill which has been protested for nonacceptance may be subsequently protested for nonpayment. See note to { 3082. § 3239. Protest before maturity. Where the acceptor has been adjudged a bankrupt... | |
 | John T. Fitzpatrick - Domestic relations - 1920 - 660 pages
...to, or demand on, the drawee is necessary. § 265. Protest both for non-acceptance and non-payment. A bill 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 a bankrupt... | |
 | Thomas Conyngton - Commercial law - 1920 - 464 pages
...place where the bill is dishonored, in the presence of two or more creditable witnesses. § 157. — A bill which has been protested for non-acceptance may be subsequently protested for non-payment. Acceptance for Honor. An outside party may accept or pay a bill of exchange to save the credit of the... | |
 | Alfred William Bays - Bailments - 1920 - 480 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 non-acceptance may be subsequently protested for non-payment. Sec. 158. Where the acceptor has been adjudged a bankrupt or an insolvent or has made an assignment... | |
 | Charles Thaddeus Terry - Uniform state laws - 1920 - 708 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 non-acceptance 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... | |
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