Bills of Exchange Amendment Act 2002
Bills of Exchange Amendment Act 2002
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Bills of Exchange Amendment Act 2002
Bills of Exchange Amendment Act 2002
| Public Act | 2002 No 58 |
| Date of assent | 18 December 2002 |
The Parliament of New Zealand enacts as follows:
1 Title
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(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:
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“(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.”
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Legislative history | |
|---|---|
| 12 December 2002 | Divided from Statutes Amendment Bill (No 2) (Bill 198-2), third reading |
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Versions
Bills of Exchange Amendment Act 2002
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