11 Amendment of Bills of Exchange Act 1882 as respects countermanded cheques.S
[F1In the Bills of Exchange Act 1882—
(a)at the beginning of section 53(2 (which provides as to the effect of presentment of a bill of exchange) there shall be inserted the words “ Subject to section 75A of this Act, ”; and
(b)after section 75 there shall be inserted the following section—
“75A(1)On the countermand of payment of a cheque, the banker shall be treated as having no funds available for the payment of the cheque.
(2)This section applies to Scotland only.”]
Textual Amendments
F1S. 11 ceases to have effect (12.4.2009) by virtue of Banking Act 2009 (c. 1), ss. 254(5), 263(2) (with s. 247)