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
7. Certainty required as to payee
Feedback & support(1)
Where a bill is not payable to bearer, the payee must be named or otherwise indicated therein with reasonable certainty.
(2)
A bill may be made payable to 2 or more payees jointly, or it may be made payable in the alternative to one of 2, or one or some of several payees.
(3)
A bill may also be made payable to the holder of an office for the time being.
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;
(4)
Where the payee is a fictitious or non-existing person the bill may be treated as payable to bearer.
bearer
Defined · s 2
“bearer” means the person in possession of a bill or note which is payable to bearer;