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
16. Optional stipulations by drawer or indorser
Feedback & supportThe drawer of a bill, and any indorser, may insert therein an express stipulation —
(a)
negativing or limiting his own liability to the holder;
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;
(b)
waiving as regards himself some or all of the holder’s duties.