Section 70C: Control and possession 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.
70C. Control and possession of electronic bill of exchange
(1) Where an enactment requires or permits the
possession of a bill of exchange, that requirement shall be
met with respect to an electronic bill of exchange, if a reliable
method is used to establish –
(a) exclusive control of the electronic bill of
exchange by a person; and
(b) the identity of the person in control of the
electronic bill of exchange.
(2) Where an enactment requires or permits transfer
of possession of a bill of exchange, that requirement shall be
met with respect to an electronic bill of exchange, through the
transfer of control over the electronic bill of exchange.