Section 70B: Validity of electronic bill of exchange
This section is inserted by 18 THE FINANCE ACT 2025, section 4.
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.
70B. Validity of electronic bill of exchange
Where an enactment requires a bill of exchange, that
requirement shall be met by an electronic bill of exchange if –
(a) the electronic record of the electronic bill of
exchange contains the information that would
be required to be contained in a paper bill of
exchange; and
(b) a reliable method is used to –
(i) identify the electronic record of the
electronic bill of exchange;
(ii) render that electronic record of the bill
of exchange capable of being subject to
control from its creation until it ceases to
have any effect or validity; and
(iii) retain the integrity of the electronic record
of the bill of exchange, by ensuring that
the information contained in the electronic
bill of exchange, including any authorised
change that arises from its creation until
it creases to have any effect or validity,
has remained complete and unaltered
apart from any change which arises in the
normal course of communication, storage
and display.
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