99. Noting.—When a promissory note or bill of exchange has been dishonoured by non-acceptance
or non-payment, the holder may cause such dishonour to be noted by a notary public upon the instrument,
or upon a paper attached thereto, or partly upon each.
Such note must be made within a reasonable time after dishonour, and must specify the date of
dishonour, the reason, if any, assigned for such dishonour, or, if the instrument has not been expressly
dishonoured, the reason why the holder treats it as dishonoured, and the notary's charges.
100. Protest.—When a promissory note or bill of exchange has been dishonoured by non-acceptance
or non-payment, the holder may, within a reasonable time, cause such dishonour to be noted and certified
by a notary public. Such certificate is called a protest.
Protest for better security.—When the acceptor of a bill of exchange has become insolvent, or
his credit has been publicly impeached, before the maturity of the bill, the holder may, within a
reasonable time, cause a notary public to demand better security of the acceptor, and on its being
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refused may, within a reasonable time, cause such facts to be noted and certified as aforesaid. Such
certificate is called a protest for better security.
101. Contents of protest.—A protest under section 100 must contain—
(a) either the instrument itself, or a literal transcript of the instrument and of everything written
or printed thereupon;
(b) the name of the person for whom and against whom the instrument has been protested;
(c) a statement that payment or acceptance, or better security, as the case may be, has been
demanded of such person by the notary public; the terms of his answer, if any, or a statement that he
gave no answer, or that he could not be found;
(d) when the note or bill has been dishonoured, the place and time of dishonour, and, when better
security has been refused, the place and time of refusal;
(e) the subscription of the notary public making the protest;
(f) in the event of an acceptance for honour or of a payment for honour, the name of the person by
whom, of the person for whom, and the manner in which, such acceptance or payment was offered
and effected.
1
[A notary public may make the demand mentioned in clause (c) of this section either in person or
by his clerk or, where authorized by agreement or usage, by registered letter.]
102. Notice of protest.—When a promissory note or bill of exchange is required by law to be
protested, notice of such protest must be given instead of notice of dishonour, in the same manner and
subject to the same conditions; but the notice may be given by the notary public who makes the protest.
103. Protest for non-payment after dishonour by non-acceptance.—All bills of exchange drawn
payable at some other place than the place mentioned as the residence of the drawee, and which are
dishonoured by non-acceptance, may, without further presentment to the drawee, be protested for nonpayment, in the place specified for payment, unless paid before or at maturity.
104. Protest of foreign bills.—Foreign bills of exchange must be protested for dishonour when such
protest is required by the law of the place where they are drawn.
2
[104A. When noting equivalent to protest.—For the purposes of this Act, where a bill of note is
required to be protested within a specified time or before some further proceeding is taken it is sufficient
that the bill has been noted for protest before the expiration of the specified time or the taking of the
proceeding; and, the formal protest may be extended at any time thereafter as of the date of the noting.]