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If any body politic or corporate or any person or persons shall make, sign, issue, or re-issue in Scotland any promissory note payable on demand to the bearer thereof for any sum of money less than the sum of five pounds, [F1 except banknotes issued in reliance on section 213 of the Banking Act 2009 ], then and in either of such cases every such body politic or corporate or person or persons so making, signing, issuing, or re-issuing any such promissory note as aforesaid, except as aforesaid, shall for every such note so made, signed, issued, or re-issued forfeit the sum of twenty pounds.
Textual Amendments
F1Words in s. 18 substituted (23.11.2009) by Banking Act 2009 (c. 1), ss. 214(2)(b), 263(1) (with s. 247); S.I. 2009/3000, art. 3