Malaysia legislation
Section 52
Section 52
(2)
When by the terms of a qualified acceptance presentment for payment is required, the acceptor, in the absence of an express stipulation to that
Bills of Exchange 37
effect, is not discharged by the omission to present the bill for payment on the day that it matures.
(3)
In order to render the acceptor of a bill liable, it is not necessary to protest it, or that notice of dishonour should be given to him.
(4)
Where the holder of a bill presents it for payment, he shall exhibit the bill to the person from whom he demands payment, and when a bill is paid, the holder shall forthwith deliver it up to the party paying it.
Liabilities of Parties
Funds in hands of drawee