Section 66: Payment for honour supra protest

66. Payment for honour supra protest (1) Where a bill has been protested for non-payment, any person may intervene and pay it supra protest for the honour of any party liable on it, or for the honour of the person for whose account the bill is drawn. (2) Where 2 or more persons offer to pay a bill for the honour of different parties, the person whose payment discharges most parties to the bill shall have the preference. (3) Payment for honour supra protest, in order to operate as such and not as a mere voluntary payment, shall be mentioned in the protest or form an extension of it. (4) The payer for honour, or his agent in that behalf, shall declare his intention to pay the bill for honour, and for whose honour he pays. (5) Where a bill has been paid for honour, all parties subsequent to the party for whose honour it is paid are discharged, but the payer for honour is subrogated for, and succeeds to both the rights and duties of, the holder as regards the party for whose honour he pays, and all parties liable to that party. (6) (a) The payer for honour on paying to the holder the amount of the bill and the expenses incidental to its dishonour is entitled to receive both the bill and the protest. (b) Where the holder does not on demand deliver them up, he shall be liable to the payer for honour in damages. (7) Where the holder of a bill refuses to receive payment supra protest, he shall lose his right of recourse against any party who is discharged by the payment.