32

CAP. 19]

Revocation of banker's authority.

45 & 46 Vict.

c. 61, s. 75.

Definition of general and

Bills of Exchange.

[1964 Ed.

(c) the holder of such cheque as to which such drawer or person is discharged shall be a creditor, in lieu of such drawer or person, of such banker to the extent of such discharge and entitled to recover the amount from him.

75. The duty and authority of a banker to pay a cheque drawn on him by his customer are determined by-

of-

special crossings.

45 & 46 Vict.

c. 61, s. 76.

Crossing by drawer or after issue.

45 & 46 Vict.

c. 61, s. 77.

Crossing a material part of cheque. 45 & 46 Vict. c. 61, s. 78.

(a) countermand of payment;

(b) notice of the customer's death.

Crossed cheques.

76. (1) Where a cheque bears across its face an addition

(a) the words “and company", or any abbreviation thereof, between two parallel transverse lines, either with or without the words “not negotiable"; or

(b) two parallel transverse lines simply, either with or without the words "not negotiable",

that addition constitutes a crossing, and the cheque is crossed generally.

(2) Where a cheque bears across its face an addition of the name of a banker, either with or without the words “not negotiable", that addition constitutes a crossing, and the cheque is crossed specially and to that banker.

77. (1) A cheque may be crossed generally or specially by the drawer.

(2) Where a cheque is uncrossed, the holder may cross it generally or specially.

(3) Where a cheque is crossed generally, the holder may cross it specially.

(4) Where a cheque is crossed generally or specially, the holder may add the words “not negotiable”.

(5) Where a cheque is crossed specially, the banker to whom it is crossed may again cross it specially to another banker for collection.

(6) Where an uncrossed cheque, or a cheque crossed generally, is sent to a banker for collection, he may cross it specially to himself.

78. A crossing authorized by this Ordinance is a material part of the cheque; it shall not be lawful for any person to obliterate or, except as authorized by this Ordinance, to add to or alter the crossing.

Share This Page