Malaysia legislation
Section 65
Section 65
(2)
A bill may be accepted for honour for part only of the sum for which it is drawn.
(3)
An acceptance for honour supra protest in order to be valid must—
(a)
be written on the bill, and indicate that it is an acceptance for honour;
(b)
be signed by the acceptor for honour.
(4)
Where an acceptance for honour does not expressly state for whose honour it is made, it is deemed to be an acceptance for the honour of the drawer.
(5)
Where a bill payable after sight is accepted for honour, its maturity is calculated from the date of the noting for non-acceptance, and not from the date of the acceptance for honour.
Liability of acceptor for honour