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Home/Legislation/Bills of Exchange Act 1909/20

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Bills of Exchange Act 1909

20Case of need

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#### 20 Case of need The drawer of a bill, and any indorser, may insert therein the name of a person to whom the holder may resort in case of need, that is to say, in case the bill is dishonoured by non‑acceptance or non‑payment. Such person is called the referee in case of need. It is in the option of the holder to resort to the referee in case of need or not as he or she may think fit.

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Section 20 - Bills of Exchange Act 1909 - Case of need — Zoe