Malaysia legislation

Section 91

of *BILLS OF EXCHANGE ACT 1949

Section 91

(2)

In determining what is a reasonable time, regard shall be had to the nature of the instrument, the usage of trade, and the facts of the particular case.

(3)

Where a note payable on demand is negotiated, it is not deemed to be overdue, for the purpose of affecting the holder with defects of title of which

56 Laws of Malaysia ACT 204

he had no notice, by reason that it appears that a reasonable time for presenting it for payment has elapsed since its issue.

Presentment of note for payment