 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
 | Albert Sidney Bolles - Business law - 1920 - 256 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... | |
 | 1923 - 992 pages
...appear on the face of it to be a foreign bill, protest thereof In case of dishonor is unnecessary. A bill which has been protested for nonacceptance may be subsequently protested for nonpayment. A bill must be noted or protested on the day of its dishonor. When a bill has been duly noted the protest... | |
 | Henry Roscoe, James Sands Henderson - Actions and defenses - 1922 - 812 pages
...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.) (As amended by the Bills of Exchange (Time of Koting) Act, 1917), subject to the provisions... | |
 | James Hinton Pou - Corporation law - 1922 - 1032 pages
...CS, a. 3138; Rev. s. 2300; 1899, c. 733, e. 156. 475. Protest both for nonacceptance and nonpayment. A bill which has been protested for nonacceptance may be subsequently protested for nonpayment. CS, s. 3139; Rev., s. 2307; 1899, c. 733, s. 157. 476. Protest before maturity, where acceptor insolvent.... | |
 | Albert Sidney Bolles - Commercial law - 1922 - 232 pages
...payable, and no further presentment for payment to, or demand on, the drawee is necessary. 69. A bil! which has been protested for non-acceptance may be subsequently protested for non-payment. 70. Where the acceptor has been adjudged a bankrupt or an insolvent, or has made an assignment for... | |
 | John Barnard Byles, Walter John Barnard Byles - Bills of exchange - 1923 - 532 pages
...face of it to be a foreign bill, protest thereof in case of dishonour is unnecessary (p. 239). (3.) A bill which has been protested for non-acceptance may be subsequently protested for non-payment (p. 241). (4.) Subject to the provisions of this Act, when a bill is noted or protested, it must be... | |
 | California - Civil law - 1923 - 588 pages
...and no further presentment for payment to, or demand on, the drawee is necessary. 1917—1555. 3238. A bill which has been protested for non-acceptance may be subsequently protested for non-payment. 1917 — 1555. 3239. Where the acceptor has been adjudged a bankrupt or an insolvent, or has made an... | |
 | Anthony Jennings Bledsoe - Commercial law - 1923 - 1184 pages
...expressed to be payable, and no further presentment for payment to, or demand on, the drawee is necessary. A bill which has been protested for nonacceptance may be subsequently protested for nonpayment. Section 661. — PROTEST BEFORE MATURITY. — Where the acceptor has been adjudged a bankrupt or an... | |
 | Alfred William Bays - Commercial law - 1923 - 1612 pages
...payable; and no further presentment for payment to, or demand on, the drawee is necessary. See. 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... | |
 | Joseph Asbury Joyce, Howard Clifford Joyce - Actions and defenses - 1924 - 1260 pages
...nonacceptance and nonpayment — Dishonor by nonpayment. — The Negotiable Instruments Act provides that : "A bill which has been protested for nonacceptance may be subsequently protested for nonpayment."89 And such act further provides that: "The instrument is dishonored by nonpayment when:... | |
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