TITLE I - Bills of Exchange

CHAPTER VII. - Recourse for Non-Acceptance or Non-Payment

161

Article 44

162

Default of acceptance or on payment must be evidenced by an authentic act (protest for non-acceptance or non-payment).

163

Protest for non-acceptance must be made within the limit of time fixed for presentment for acceptance. If in the case contemplated by Article 24, paragraph 1, the first presentment takes place on the last day of that time, the protest may nevertheless be drawn up on the next day.

164

Protest for non-payment of a bill of exchange payable on a fixed day or at a fixed period after date or sight must be made on one of the two business days following the day on which the bill is payable. In the case of a bill payable at sight, the protest must be drawn up under the conditions specified in the foregoing paragraph for the drawing up of a protest for non-acceptance.

165

Protest for non-acceptance dispenses with presentment for payment and protest for non-payment.

166

If there is a stoppage of payment on the part of the drawee, whether he has accepted or not, or if execution has been levied against his goods without result, the holder cannot exercise his right of recourse until after presentment of the bill to the drawee for payment and after the protest has been drawn up.

167

If the drawee, whether he accepted or not, is declared bankrupt (faillite d?clar?e), or in the event of the declared bankruptcy of the drawer of a non-acceptable bill, the production of the judgement declaring the bankruptcy suffices to enable the holder to exercise his right of recourse.

Convention Providing a Uniform Law For Bills of Exchange and Promissory Notes (Geneva, 1930) The League of Nations

TITLE I - Bills of Exchange

CHAPTER I. - Issue and Form of a Bill of Exchange

CHAPTER II. - Endorsement

CHAPTER III. - Acceptance

CHAPTER IV. - 'Avals'

CHAPTER V. - Maturity

CHAPTER VI. - Payment

CHAPTER VII. - Recourse for Non-Acceptance or Non-Payment

CHAPTER VIII. - Intervention for Honour

I. General Provisions

2. Acceptance By Intervention (For Honour)

3. Payment by Intervention

CHAPTER IX. - Parts of A Set, and Copies

I. Parts of A Set

2. Copies

CHAPTER X. - Alterations

CHAPTER XI. - Limitation of Actions

CHAPTER XII. - General Provisions

TITLE II - Promissory Notes

Metadata

Manifest

TITLE I - Bills of Exchange

CHAPTER VII. - Recourse for Non-Acceptance or Non-Payment

Article 44

Convention Providing a Uniform Law For Bills of Exchange and Promissory Notes
(Geneva, 1930) The League of Nations