Bills of Exchange Act · s 48

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s 48Notice of dishonour and effect of non-notice

Subject to the provisions of this Act, when a bill has been dishonoured by non-acceptance or by non-payment, notice of dishonour must be given to the drawer and each indorser, and any drawer or indorser to whom such notice is not given is discharged:

Provided that —

(a)

where a bill is dishonoured by non-acceptance, and notice of dishonour is not given, the rights of a holder in due course subsequent to the omission shall not be prejudiced by the omission;

(b)

where a bill is dishonoured by non-acceptance, and due notice of dishonour is given, it shall not be neccessary to give notice of subsequent dishonour by non-payment unless the bill shall in the meantime have been accepted.