What is Noting of a bill of exchange.
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Noting of a bill of exchange
Explanation:
- If a bill of exchange or promissory note has been dishonored by non-acceptance or non-payment, the holder may cause such dishonor to be recorded on the instrument by a notary public, or on a paper attached to it, or in part on each.
- Such note shall be made within a reasonable period of time after dishonor and shall specify the date of dishonor, the reason, if any, for such dishonor, or, if the instrument has not been expressly dishonored, the reason the holder treats it as dishonored, and the charges of the notary.
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