Malaysia legislation
Section 14
Section 14
Where a bill is not payable on demand the day on which it falls due is determined as follows:
(a)
three days, called days of grace, are, in every case where the bill itself does not otherwise provide, added to the time of payment as fixed by the bill, and the bill is due and payable on the last day of grace:
Provided that—
(i)
when the last day of grace falls on a Sunday, public holiday or bank holiday;
(ii)
when the last day of grace of a bill drawn payable in a foreign currency falls on a Saturday, Sunday, public holiday or bank holiday, the bill shall be due and payable on the next succeeding business day;
(b)
where a bill is payable at a fixed period after date, after sight, or after the happening of a specified event, the time of payment is determined by excluding the day from which the time is to begin to run and by including the day of payment;
(c)
where a bill is payable at a fixed period after sight, the time begins to run from the date of the acceptance if the bill be accepted, and from the date of noting or protest if the bill be noted or protested for non-acceptance, or for non-delivery;
16 Laws of Malaysia ACT 204
(d)
the term “month” in a bill means calendar month.
Case of need