Section 70F: Conversion into electronic bill of exchange or paper bill of
This section is inserted by 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.
70F. Conversion into electronic bill of exchange or paper bill of
exchange
(1) A bill of exchange may be converted into a paper bill of
exchange or an electronic bill of exchange where –
(a) a statement that the bill of exchange has been converted
is included in its new form; and
(b) any contractual or other requirements relating to the
conversion are complied with.
(2) Upon conversion of a bill of exchange, all rights and liabilities
shall cease to attach to the bill of exchange in its previous form and shall attach
to the bill of exchange in its new form.
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Questions this section answers
- Can a paper bill of exchange be converted into an electronic one, or the other way round?