Stamp Act · s 56

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s 56Executing and signing documents not duly stamped

(1)

Any person who —

(a)

draws, makes, issues, endorses or transfers or signs otherwise than as a witness, or presents for acceptance or payment or accepts, pays or receives payment of or in any manner negotiates any bill of exchange, cheque or promissory note without the same being duly stamped; or

(b)

makes or executes any bill of lading or contract note without the same being duly stamped; or

(c)

executes, grants, issues or delivers out any document chargeable with duty as a letter of allotment, letter of renunciation, certificate or marketable security without the same being duly stamped, is guilty of an offence and liable on conviction to a fine of $500.

(2)

When any penalty has been paid in respect of any instrument under section 39, the amount of such penalty shall be allowed in reduction of the fine (if any) subsequently imposed under this section in respect of the same instrument upon the person who paid such penalty.

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