Volume 375, Page 367 View pdf image (33K) |
BILLS OF EXCHANGE AND PEOMISSOEY NOTES. 367 An. Code, sec. 27. 1904, sec. 27. 1898, ch. 119.
27. The instrument is payable to order where it is drawn payable to 1. A payee who is not maker, drawer or drawee; or 2. The drawer or maker; or 3. The drawee; or 4. Two or more payees jointly; or 5. One or some of several payees; or 6. The holder of an office for the time being.
When the instrument is payable to order, the payee must be named or
The portion of this section providing that a note may be payable to the order
An. Code, sec. 28. 1904, sec. 28. 1898, ch. 119. 1. When it is expressed to be so payable; or 2. When it is payable to a person named therein or bearer; or
3. When it is payable to the order of a fictitious or non-existing person,
4. When the name of the payee does not purport to be the name of any 5. When the only or last indorsement is an indorsement in blank. An. Code, sec. 29. 1904, sec. 29. 1898, ch. 119.
29. The instrument need not follow the language of this act, but any An. Code, sec. 30. 1904, sec. 30. 1898, ch. 119.
30. Where the instrument or an acceptance or any indorsement thereon An. Code, sec. 31. 1904, sec. 31. 1898, ch. 119. .
31. The instrument is not invalid for the reason only that it is ante- An. Code, sec. 32. 1904, sec. 32. 1898, ch. 119.
32. Where an instrument expressed to be payable at a fixed period after |
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Volume 375, Page 367 View pdf image (33K) |
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