Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-04-24


and before the bill is overdue the drawec or some person
authorized accept refuse acceptance his behalf and
Where bill is addressed to two or more drawees VINO are
partners prescnmcn be made to them all unless one
has authority accept refuse for ALL In which
case presentnent may be made to him only;
Where the drawce is dead, precntmcnt may be made to
his personal representatives. "... ...
Where the drawce has been Judged bankrupt, or an
novcn or has made assignment for the benefit Of creditors
preentmcnt may be made him. his trustee assignee
SECTION 1i6 bill be presented for acceptance on
any day which negotiable instruments be presented for
payment under the provisions of Section ~ and 80 of this Act
When Saturday is not otherwise holiday prcsennen for
acceptance may be made before twelve o'clock that day.
SECTION AZ Where the holder of bill drawn payable else
where than at the place of business the residence OF the
drawec has time with the exercise of reasonable diligence
present the bill for acceptance before presenting for pay
the day that it falls DUE the delay caused by presenting
the bill for acceptance before presenting it for payment is
cused and does discharge the drawers and indorscr
SECTION iS Prescntncnt for acceptance is excused and
hill may be treated dhonored by nonacceptance in either
of the following cases.
l. Where the drawec is dead, has absconded or is
fictitious person having capacity to contract by
bills; ar
Where after the exercise of reasonable diligence present
ment cannot be made;
B. Where although prescnmcnt has been irregular, accept
has been refused on other ground.
SECTION $40. bill is dishonored by non-acceptancc
L. When it is duly presented for acceptance and such
acceptance prescribed by this Act is refused cannot be
obtained or
3 When prcnmcnt for acceptance excused and the bill
is accepted.
SECTION Where bill duly presented for acceptance
and is accepted within the prescribed tmc the person pre-
sentg it the bill dshonorcd by nonaccptancc,
or he loses the right of against the drawer and ndorscr
SECTION ISL When bill is dishonorcd by non-acccptance,
immediate right of against the drawers and ndocrs
to the holder and prescnmcnt for payment is
cssary
SECTION 1872 Where foreign bill appearing its face
be such dshonored by n6acceptance be duly pro-
tested for non-acceptancc, and where such bill which has not
previously been dhonorcd by nonaccptance is donorcd by
nonpaymen it must be duly protested for nonpaymcnt If
it protested the drawer and noscrs discharged
Where bill does not appear its face to he foreign bill,
protest thereof in of dshonor is unnecessary
SECTION 1888 The protest must be annexed to the bill,
must contain copy thereof and must be under the hand
and seal of the notary making it, and must specify '""'
|. The time and place of presentmeht' ''@t ''1
2. The fact that pcscntmcnt made and the
thereof: .'' 81. o.
B. The for protesting the bill;
t. The demand made and the given if any, the
fact that the drawec acceptor could not be found.
SECTION 154 Protest may be made by BE-
|. notary public; or
g By respectable resident of the place where the bill
donored in the presence of two credible witnesses.
SECTION 55 When bill is protested, such protest must be
made the day of its donor, unless delay is excused
herein provided When bill has been duly noted the protest
may be subsequently extended of the date of tn noting.
SECTION 1876. bill be protested ut the place where
it is dishonored except that when bill drawn payable the
place of business residence of person other than the
rawcc has been dishonored by nonacccpace must be
tested for nonpayment the place where expressed to be
payable and further for payment demand
the drawcc is necessary.
SECTION l57 bill which has been protested for nonaccep
may be subsequently protested for nonpaymen.
SECTION 15S Where the acceptor has been adudged bank
rupt inovcn has made assignment for the benefit
of creditors before the bill natures, the holder the
bill be protested for better security against the drawer and
in,orscrs.
SECTION 1850 Protest dispensed with by any
which would dispense with notice Of dshono Delay in noting
protesting excused when delay caused by circumstances
beyond the of the holder and mpuabc his defu
misconduct negligence When the Of delay
operate the bill must be noted protested with reasonable dill
gence.
SECTION 1GO When bill is lost destroyed is wrongly
detained from the person entitled hold it, protest may be
made copy written particulars thereof.
ACCEPTANCE HONOR.
SECTION 61 Where bill of exchange has been protested
for dsonor by nonacccpance protested for better security
and not overdue being party already liable