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
62. Express waiver or renunciation
Feedback & support(1)
When the holder of a bill at or after its maturity absolutely and unconditionally renounces his rights against the acceptor, the bill is discharged.
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;
(2)
The renunciation must be in writing, unless the bill is delivered up to the acceptor.
(3)
The liabilities of any party to a bill may, in like manner, be renounced by the holder before, at, or after its maturity.
(4)
Nothing in this section shall affect the rights of a holder in due course without notice of the renunciation.