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Act In force Latest version as at 03 September 2007 (as enacted) | 2002 No 58 | Administered by Ministry of Business, Innovation, and Employment

Bills of Exchange Amendment Act 2002

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Act In force Latest version as at 03 September 2007 (as enacted) | 2002 No 58 | Administered by Ministry of Business, Innovation, and Employment

Bills of Exchange Amendment Act 2002

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Bills of Exchange Amendment Act 2002

Public Act 2002 No 58
Date of assent 18 December 2002

Contents

1 Title

2 Commencement

3 Inland and foreign bills

The Parliament of New Zealand enacts as follows:

1 Title

  • (1) This Act is the Bills of Exchange Amendment Act 2002.

    (2) In this Act, the Bills of Exchange Act 1908 is called “the principal Act”.

2 Commencement

  • This Act comes into force on the day after the date on which it receives the Royal assent.

3 Inland and foreign bills

  • Section 4 of the principal Act is amended by repealing subsection (1), and substituting the following subsections:

    • “(1) An inland bill is a bill that is, or on the face of it purports to be,—

      • “(a) both drawn and payable in New Zealand; or

      • “(b) drawn in New Zealand on a person who resides or has a place of business in New Zealand.

    • “(1A) Any other bill is a foreign bill.”

Legislative history
12 December 2002 Divided from Statutes Amendment Bill (No 2) (Bill 198-2), third reading
Act In force Latest version as at 03 September 2007 (as enacted)

Bills of Exchange Amendment Act 2002

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