Notice of protest
Full Text
Notice of protest.—When a promissory note or bill of exchange is required by law to be protested, notice of such protest must be given instead of notice of dishonour, in the same manner and subject to the same conditions; but the notice may be given by the notary public who makes the protest.
Plain English Summary
Directs that notice of protest replaces the ordinary notice of dishonour where protest is legally required, and permits the notary to issue it directly.
Key Legal Elements
- Applies when protest is legally mandatory
- Notice of protest substitutes ordinary notice of dishonour
- Governed by the same manners and conditions as notice of dishonour
- Notice may be dispatched directly by the notary public
Practical Note
Saves time and prevents procedural duplication: instead of the holder dispatching two separate notices, the notary issuing the protest can directly serve notice of protest upon prior parties, which legally fulfills the notice requirement.
हिंदी पाठ
प्रत्याख्यान की सूचना।—जब किसी वचन-पत्र या विनिमय-पत्र का विधि द्वारा प्रत्याख्यान किया जाना अपेक्षित हो, तब ऐसे प्रत्याख्यान की सूचना अनादर की सूचना के स्थान पर, उसी रीति से और उन्हीं शर्तों के अधीन दी जानी चाहिए; किंतु यह सूचना उस नोटरी पब्लिक द्वारा भी दी जा सकती है जो प्रत्याख्यान करता है।