Clause 1
Short title and commencement
This Act may be cited as the Bills of Exchange (Amendment) Act 1992 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.
/akn/sg/act/bill/1992/35
Bills of Exchange (Amendment) Bill
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- Type
- Bill
- Status
- In force
- Enacted
- 1992
- Sections
- 9
Quick answer
About this bill
Bills of Exchange (Amendment) Bill is Singapore Bill, cited as Bill 35 1992, currently marked in force and first recorded in 1992.
Clause 2
Amendment of section 57
Section 57 of the Bills of Exchange Act (referred to in this Act as the principal Act) is amended by deleting paragraph (b).
Clause 3
Amendment of section 72
Section 72 of the principal Act is amended by deleting paragraph (d).
Clause 4
Amendment of section 80
Section 80 of the principal Act is amended by inserting, immediately after the words “crossed cheque” in the first line, the words “(including a cheque which under section 81A or otherwise is not transferable)”.
Clause 5
New section 81A
The principal Act is amended by inserting, immediately after section 81, the following section:“Non-transferable cheques81A.—
(1)
Where a cheque is crossed and bears across its face the words “account payee” or “a/c payee”, either with or without the word “only”, the cheque shall not be transferable, but shall only be valid as between the parties thereto.(2) For the purposes of section 80, a banker is not to be treated as having been negligent by reason only of his failure to concern himself with any purported indorsement of a cheque which under subsection (1) or otherwise is not transferable.”.
Clause 6
Amendment of section 85
Section 85(2)(a) of the principal Act is amended by inserting, immediately after the word “cheques”, the words “(including cheques which under section 81A or otherwise are not transferable)”.
Clause 7
Amendment of section 4 of the Arbitration (International Investment Disputes) Act
Section 4 of the Arbitration (International Investment Disputes) Act (Cap. 11) is amended by deleting subsection (2).
Clause 8
Amendment of section 4 of the Reciprocal Enforcement of Foreign Judgments Act
Section 4 of the Reciprocal Enforcement of Foreign Judgments Act (Cap. 265) is amended by deleting subsection (3).
Clause 9
Transitional and savings provision
(1)
Notwithstanding the deletion of sections 57(b) and 72(d) of the principal Act, those provisions shall continue in force and have effect in relation to bills drawn before the commencement of this Act as if this Act had not been enacted.
(2)
Notwithstanding the deletion of section 4(2) of the Arbitration (International Investment Disputes) Act (Cap. 11) and section 4(3) of the Reciprocal Enforcement of Foreign Judgments Act, those provisions shall continue in force and have effect in relation to judgments and awards registered before the commencement of this Act as if this Act had not been enacted.
Common questions
- What is Bills of Exchange (Amendment) Bill?
- Bills of Exchange (Amendment) Bill is Singapore Bill, cited as Bill 35 1992, currently marked in force and first recorded in 1992.
- Is Bills of Exchange (Amendment) Bill still in force?
- Yes — Bills of Exchange (Amendment) Bill is currently in force.
- When did Bills of Exchange (Amendment) Bill take effect?
- Bills of Exchange (Amendment) Bill was first recorded in 1992.
- How many clauses does Bills of Exchange (Amendment) Bill have?
- Bills of Exchange (Amendment) Bill contains 9 clauses.
- Where can I read the official version of Bills of Exchange (Amendment) Bill?
- The official text of Bills of Exchange (Amendment) Bill is published at sso.agc.gov.sg.