Document ID: chunk:federal_register_of_legislation:C2017C00074:section:89
Version: federal_register_of_legislation:C2017C00074
Segment Type: section
Provision Reference: s 89
Character Range: 88654–89384

89  Stale cheque
 (1) Subject to subsections (2) and (3), the drawee institution may refuse payment of a stale cheque.
 (2) The drawee institution must not refuse payment of a stale cheque if:
 (a) the drawee institution is obliged, by an agreement with the drawer, to pay the cheque notwithstanding that it is a stale cheque; or
 (b) the drawer directs the drawee institution to pay the cheque notwithstanding that it is a stale cheque.
 (3) The drawee institution must refuse payment of a stale cheque if:
 (a) the drawee institution is obliged, by an agreement with the drawer, not to pay the cheque after it has become stale; or
 (b) the drawer directs the drawee institution not to pay the cheque after it has become stale.