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 · Cheques on Banker
Bills of Exchange Act · 2023 Revised Edition · Part · Cheques on Banker
Official textFrom Attorney General's Chambers, unchanged
A cheque may be crossed generally or specially by the drawer.
Where a cheque is uncrossed, the holder may cross it generally or specially.
holder
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
Where a cheque is crossed generally, the holder may cross it specially.
Where a cheque is crossed generally or specially, the holder may add the words “not negotiable”.
Where a cheque is crossed specially, the banker to whom it is crossed may again cross it specially to another banker for collection.
banker
“banker” includes a body of persons, whether incorporated or not, who carry on the business of banking;
Bills of Exchange
Where an uncrossed cheque, or a cheque crossed generally, is sent to a banker for collection, he may cross it specially to himself.
banker
“banker” includes a body of persons, whether incorporated or not, who carry on the business of banking;
holder
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
issue
“issue” means the first delivery of a bill or note, complete in form, to a person who takes it as a holder;
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