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Section 58 - Bills of Exchange Act 1909 - Funds in hands of drawee — Zoe

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Bills of Exchange Act 1909

58Funds in hands of drawee

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#### 58 Funds in hands of drawee A bill, of itself, does not operate as an assignment of funds in the hands of the drawee available for the payment thereof, and the drawee of a bill who does not accept as required by this Act is not liable on the instrument.

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