Acts1 min read
Section 152Sec./Art. 152
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
In what cases protest necessary.- Where a foreign bill appearing on its face to be such is dishonored by nonaceeptance, it must be duly protested for nonacceptanee, and where such a bill which has not previously been dishonored by nonacceptanee is dishonored by nonpayment, it must be duly protested for nonpayment. If it is not so protested, the drawer and indorsers are discharged. Where a bill does not appear on its face to be a foreign bill, protest thereof in case of dishonor is unnecessary.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.