Bills of Exchange Act 1949 s 10

s 10 Bill payable on demand

(1) A bill is payable on demand— (a) which is expressed to be payable on demand, or at sight, or on presentation; or (b) in which no time for payment is expressed. (2) Where a bill is accepted or indorsed when it is overdue, it shall, as regards the acceptor who so accepts, or any indorser who so indorsers it, be deemed a bill payable on demand.

Read this section in the full act → · Open Part II →

Find Act 204 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

What to look at next

Bills of Exchange Act 1949, full textChapter navigation and full text, so you can read this section in contextMalaysia legislation Malaysia Acts by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year Part II — Bills of exchange — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections