Malaysia legislation
Section 40
Section 40
(2)
If he does not do so, the drawer and all indorsers prior to that holder are discharged.
(3)
In determining what is reasonable time within the meaning of this section, regard shall be had to the nature of the bill, the usage of trade with respect to similar bills, and the facts of the particular case.
Rules as to presentment for acceptance and excuses for non-presentment