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Contents

Long Title

Part I PRELIMINARY

Part II BILLS OF EXCHANGE

Form and interpretation

Capacity and authority of parties

Consideration for a bill

Negotiation of bills

General duties of holder

Liabilities of parties

Discharge of bill

Acceptance and payment for honour

Lost instruments

Bill in a set

Conflict of laws

Part III CHEQUES DRAWN ON BANKER

Crossed cheques

Special provisions relating to indorsement, etc.

Special provisions relating to cheque truncation

Regulations relating to cheque truncation

Part IV PROMISSORY NOTES

Part V SUPPLEMENTARY

Legislative History

Comparative Table

Comparative Table

 
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On 19/06/2013, you requested for the version in force on 19/06/2013 incorporating all amendments published on or before 19/06/2013. The closest version currently available is that of 22/01/2010.
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Bills of Exchange Act
(CHAPTER 23)

(Original Enactment: M ORDINANCE 75 of 1949)

REVISED EDITION 2004
(31st July 2004)
An Act relating to bills of exchange, cheques and promissory notes.
[1st July 1965]
PART I
PRELIMINARY
Short title
1.  This Act may be cited as the Bills of Exchange Act.
Interpretation
2.  In this Act, unless the context otherwise requires —
“acceptance” means an acceptance completed by delivery or notification;
“Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act (Cap. 186);
“bank holiday” and “public holiday” respectively include any day declared to be such under any written law for the time being in force and includes any day (other than a Sunday) observed as a weekly holiday;
“banker” includes a body of persons, whether incorporated or not, who carry on the business of banking;
“bankrupt” includes any person whose estate is vested in a trustee or assignee under the law for the time being in force relating to bankruptcy;
“bearer” means the person in possession of a bill or note which is payable to bearer;
“bill” means bill of exchange;
“delivery” means transfer of possession, actual or constructive, from one person to another;
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
“indorsement” means an indorsement completed by delivery;
“issue” means the first delivery of a bill or note, complete in form, to a person who takes it as a holder;
“note” means promissory note;
“Singapore bill” means a bill drawn payable in Singapore currency;
“suit” includes action, counterclaim and set-off;
“value” means valuable consideration.
[11/70; 22/2002]