Section 60: Express waiver
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.
60. Express waiver
(1) (a) Where the holder of a bill at or after its maturity absolutely and
unconditionally renounces his rights against the acceptor, the bill is discharged.
(b) The renunciation shall be in writing, unless the bill is delivered to
the acceptor.
(2) The liabilities of any party to a bill may in like manner be renounced
by the holder before, at, or after its maturity.
(3) Nothing in this section shall affect the rights of a holder in due course
without notice of the renunciation.