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Section 64

Alteration of bill

of Bills of Exchange Act 1949

ActIn forceProvision 64 of 107
Section 64
(1)

Where a bill or acceptance is materially altered without the assent of all parties liable on the bill, the bill is avoided except as against a party who has himself made, authorized or assented to the alteration, and subsequent indorsers:

Provided that where a bill has been materially altered, but the alteration is not apparent, and the bill is in the hands of a holder in due course, such holder may avail himself of the bill as if it had not been altered, and may enforce payment of it according to its original tenor.

42 Laws of Malaysia ACT 204

(2)

In particular the following alterations are material, namely, any alteration of date, the sum payable, the time of payment, the place of payment, and, where a bill has been accepted generally, the addition of a place of payment without the acceptor’s assent.

Acceptance and Payment for Honour