Malaysia legislation

Section 3

of *BILLS OF EXCHANGE ACT 1949

Section 3

(2)

An instrument which does not comply with these conditions, or which orders any act to be done in addition to the payment of money, is not a bill of exchange.

(3)

An order to pay out of a particular fund is not unconditional within the meaning of this section; but an unqualified order to pay, coupled with (a) an indication of a particular fund out of which the drawee is to reimburse himself or a particular account to be debited with the amount, or (b) a statement of the transaction which gives rise to the bill, is unconditional.

(4)

A bill is not invalid by reason—

(a)

that it is not dated;

(b)

that it does not specify the value given, or that any value has been given therefor;

(c)

that it does not specify the place where it is drawn or the place where it is payable.

Inland and foreign bills