Section 37

Negotiation of bill to party already liable thereon

ActIn forceProvision 37 of 104

Where a bill is negotiated back to the drawer, or to a prior indorser or to the acceptor, such party may, subject to the provisions of this Act, re-issue and further negotiate the bill, but he is not entitled to enforce payment of the bill against any intervening party to whom he was previously liable.

Read in full context — Bills of Exchange Act →

Section 37

Negotiation of bill to party already liable thereon

of Bills of Exchange Act

ActIn forceProvision 37 of 104

Where a bill is negotiated back to the drawer, or to a prior indorser or to the acceptor, such party may, subject to the provisions of this Act, re-issue and further negotiate the bill, but he is not entitled to enforce payment of the bill against any intervening party to whom he was previously liable.

Read in full context — Bills of Exchange Act →