Words in s. 52(4) inserted (26.3.2015, 31.7.2016 in so far as not already in force) by Small Business, Enterprise and Employment Act 2015 (c. 26), ss. 13(3), 164(4)

http://www.legislation.gov.uk/ukpga/Vict/45-46/61/section/52Bills of Exchange Act 1882An Act to codify the law relating to Bills of Exchange, Cheques, and Promissory Notes.1977-10-01texttext/xmlenStatute Law Database2023-09-22Expert Participation2023-09-20Part II Bills of Exchange General Duties of the Holder
52 Duties of holder as regards drawee or acceptor.(1)

When a bill is accepted generally presentment for payment is not necessary in order to render the acceptor liable.

(2)

When by the terms of a qualified acceptance presentment for payment is required, the acceptor, in the absence of an express stipulation to that effect, is not discharged by the omission to present the bill for payment on the day that it matures.

(3)

In order to render the acceptor of a bill liable it is not necessary to protest it, or that notice of dishonour should be given to him.

(4)

Subject to Part 4A (presentment by electronic means), Where the holder of a bill presents it for payment, he shall exhibit the bill to the person from whom he demands payment, and when a bill is paid the holder shall forthwith deliver it up to the party paying it.

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Words in
<ref eId="c3ik26lm3-00015" class="subref" href="http://www.legislation.gov.uk/id/ukpga/Vict/45-46/61/section/52/4">s. 52(4)</ref>
inserted (26.3.2015, 31.7.2016 in so far as not already in force) by
<ref eId="c3ik26lm3-00016" href="http://www.legislation.gov.uk/id/ukpga/2015/26">Small Business, Enterprise and Employment Act 2015 (c. 26)</ref>
,
<ref eId="c3ik26lm3-00017" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/2015/26/section/13/3">ss. 13(3)</ref>
,
<ref eId="c3ik26lm3-00018" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2015/26/section/164/4">164(4)</ref>
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<p>In order to render the acceptor of a bill liable it is not necessary to protest it, or that notice of dishonour should be given to him.</p>
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Subject to Part 4A (presentment by electronic means),
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Where the holder of a bill presents it for payment, he shall exhibit the bill to the person from whom he demands payment, and when a bill is paid the holder shall forthwith deliver it up to the party paying it.
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