In force2023 Revised EditionCurrent version · 2023 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Bills of Exchange Act · 2023 Revised Edition · Part 2
Bills of Exchange Act · 2023 Revised Edition · Part 2
Official textFrom Attorney General's Chambers, unchanged
Where a bill is not payable to bearer, the payee must be named or otherwise indicated therein with reasonable certainty.
A bill may be made payable to two or more payees jointly, or it may be made payable in the alternative to one of two, or one or some of several payees. A bill may also be made payable to the holder of an office for the time being.
holder
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
Where the payee is a fictitious or non-existing person the bill may be treated as payable to bearer.
bearer
“bearer” means the person in possession of a bill or note which is payable to bearer;
bearer
“bearer” means the person in possession of a bill or note which is payable to bearer;
holder
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
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