Section 38:
consolidated text (as at 2011, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
38. When presentment for acceptance is necessary
(1) Where a bill is payable after sight, presentment for acceptance is
necessary in order to fix the maturity date of the instrument.
(2) Where a bill expressly stipulates that it shall be presented for acceptance, or where a bill is drawn payable elsewhere than at the residence or
place of business of the drawee, it shall be presented for acceptance before
it can be presented for payment.
(3) In no other case is presentment for acceptance necessary in order to
render liable any party to the bill.
(4) Where the holder of a bill, drawn payable elsewhere than at the place
of business or residence of the drawee, has not time, with the exercise of
reasonable diligence, to present the bill for acceptance before presenting it
for payment on the day that it falls due, the delay caused by presenting the
bill for acceptance before presenting it for payment is excused, and does not
discharge the drawer and indorsers.