Document ID: chunk:federal_register_of_legislation:C2004A03387:body:0:p3
Version: federal_register_of_legislation:C2004A03387
Segment Type: other
Provision Reference: 
Character Range: 4698–7306

is given to the acceptor, request the former holder to give the acceptor an indemnity in respect of any loss and expenses that the acceptor may reasonably incur by reason of the accepting of the bill to the same tenor as the acceptor's acceptance of the original bill, and may also request the former holder to provide adequate security for the indemnity.
"(7) The acceptor shall—
    (a) in a case where the acceptor requests the former holder, by notice under sub-section (6), to give the acceptor an indemnity and also to provide security for the indemnity—within 14 days after the day on which the indemnity is given to the acceptor or the day on which the security is provided, whichever last occurs;
    (b) in a case where the acceptor requests the former holder, by notice under sub-section (6), to give the acceptor an indemnity, but does not also request the former holder to provide security for the indemnity—within 14 days after the day on which the indemnity is given to the acceptor; or

    (c) in any other case—within 14 days after the day on which the notice under sub-section (5) is given to the acceptor,
accept the replacement bill to the same tenor as the acceptor's acceptance of the original bill and give the replacement bill so accepted to the former holder.
"(8) Where the original bill had been indorsed before its loss or destruction, the former holder may give the replacement bill to the indorser and request the indorser, by notice in writing, to indorse the replacement bill to the same tenor as the indorser's indorsement of the original bill.
"(9) The indorser may, by notice in writing given to the former holder within 14 days after the day on which the notice under sub-section (8) is given to the indorser, request the former holder to give the indorser an indemnity in respect of any loss and expenses that the indorser may reasonably incur by reason of the indorsing of the bill to the same tenor as the indorser's indorsement of the original bill, and may also request the former holder to provide adequate security for the indemnity.
"(10) The indorser shall—
    (a) in a case where the indorser requests the former holder, by notice under sub-section (9), to give the indorser an indemnity and also to provide security for the indemnity—within 14 days after the day on which the indemnity is given to the indorser or the day on which the security is provided, whichever last occurs;
    (b) in a case where the indorser requests the former holder, by notice under sub-section (9), to give the indorser an indemnity, but does not also request the former holder to