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
15. Case of need
Feedback & support(1)
The drawer of a bill and any indorser may insert therein the name of a person to whom the holder may resort in case of need, that is to say, in case the bill is dishonoured by non-acceptance or non‑payment.
(2)
Such person is called the referee in case of need.
(3)
It is in the option of the holder to resort to the referee in case of need or not, as he may think fit.
holder
Defined · s 2
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;