In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Bills of Exchange Act 1949 · 2020 Revised Edition · Part 2 · Bills of Exchange
10. Bill payable on demand
Feedback & support(1)
A bill is payable on demand —
(a)
which is expressed to be payable on demand, or at sight, or on presentation; or
(b)
in which no time for payment is expressed.
(2)
Where a bill is accepted or indorsed when it is overdue, it shall, as regards the acceptor who so accepts it, or any indorser who so indorses it, be deemed a bill payable on demand.