ADVOKS GLOBAL · KENYA
Bills of Exchange Act
48. Notice of dishonour and effect of non-notice
Edition: 2022-12-31 · In force
48. Notice of dishonour and effect of non-notice
Subject to the provisions of this Act, when a bill has been dishonoured by non- acceptance or by non-payment, notice of dishonour must be given to the drawer and each endorser, and any drawer or endorser to whom such notice is not given is discharged:Provided that—(i)where a bill is dishonoured by non-acceptance, and notice of dishonour is not given, the rights of a holder in due course, subsequent to the omission, shall not be prejudiced by the omission;(ii)where a bill is dishonoured by non-acceptance, and due notice of dishonour is given, it shall not be necessary to give notice of a subsequent dishonour by non-payment unless the bill shall in the meantime have been accepted.