CTHIn ForceAct
Papua New Guinea (Transfer of Banking Business) Act 1973
7Bills of exchange
Start here
Get a plain-English read of 7
Turn the raw legal text into a practical explanation grounded in Papua New Guinea (Transfer of Banking Business) Act 1973.
7 Bills of exchange
The payment by the Bank of Papua New Guinea of a bill of exchange drawn on, or made payable at, the Reserve Bank has, by force of this section, the same effect for all purposes as that payment would have had if the bill of exchange had been drawn on, or made payable at, the Bank of Papua New Guinea.