Malaysia legislation
Section 82
Section 82
(2)
Where a banker in good faith and in the ordinary course of business pays any such instrument as the following, namely:
(a)
a document issued by a customer of his which, though not a bill of exchange, is intended to enable a person to obtain payment from him of the sum mentioned in the document;
Bills of Exchange 53
(b)
a draft payable on demand drawn by him upon himself, whether payable at the head office or some other office of his bank, he does not, in doing so, incur any liability by reason only of the absence of, or irregularity in, indorsement, and the payment discharges the instrument.
Rights of bankers collecting cheques not indorsed by holders