LLOYD LOWNDES, ESQUIRE, GOVERNOR. 233

accrues to the holder, and no presentment for payment is
necessary.

CHAPTER XIII.

PROTESTS OF BILLS OF EXCHANGE.

Index to Chapter XIII.

171. In what cases protest necessary. 172. Protest ; how made. 173. Protest ; by whom made. 174. Protest ; when to be made. 175. Protest ; where made. 176. Protest, both for non-accept- ance and non-payment.

177. Protest before maturity where acceptor insolvent. 178. When protest dispensed with. 179. Protest; where bill is lost, et cetera.

171. Where a foreign bill appearing on its face to be such
is dishonored by non-acceptance, it must be duly protested for
non-acceptance, and where such a bill which has not previously
been dishonored by non-acceptance is dishonored by non-pay-
ment, it must be duly protested for non-payment. If it is not
so protested, the drawer and indorsers are discharged. Where
a bill does not appear on its face to be a foreign bill, protest
thereof in case of dishonor is unnecessary.

172. The protest must be annexed to the bill, or most con-
tain a copy thereof, and must be under the hand aad seal of
the notary making it, and must specify:

1. The time and place of presentment;

2. The fact that presentment was made and the manner
thereof;

3. The cause or reason for protesting the bill;
4. The demand made and the answer given, if any, or the
fact that the drawee or acceptor could not be found.
173. Protest may be made by :

1. A notary public; or

2. By any respectable resident of the place where the bill
is dishonored, in the presence of two or more credible wit-
nesses.

174. When a bill is protested, such protest must be made on
the day of its dishonor, unless delay is excused as herein pro-
vided. When a bill has been duly noted, the protest may be
subsequently extended as of the date of the noting.

175. A bill must be protested at the place where it is dis-
honored, except that when a bill drawn payable at the place of
business or residence of some person other than the drawee,
has been dishonored by non acceptance, it must be protested
for non-payment at the place where it is expressed to be pay-