Section 42: Dishonour by non-acceptance
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.
42. Dishonour by non-acceptance
(1) A bill is dishonoured by non-acceptance—
(a) where it is duly presented for acceptance, and acceptance as is
prescribed by this Act is refused or cannot be obtained; or
(b) where presentment for acceptance is excused and the bill is not
accepted.
(2) Subject to this Act, where a bill is dishonoured by non-acceptance,
the drawer or any of the indorsers may furnish security for the payment of
the bill at maturity, failing which an immediate right of recourse against the
drawer and indorsers accrues to the holder, and no presentment for payment
is necessary.