Cap. 13 Art. 143Where endorsement is made after lapse of time for protest for non-payment or non-acceptance.

(1) Where the endorsement is made after the expiration of the time within which the protest for non-payment is to be made, the endorsee acquires, as against the drawee, all the rights arising from the acceptance already made, and the rights of recourse against such parties as shall have endorsed the bill after the lapse of the said time.

(2) The provisions of this article shall also apply where the endorsement is made after the expiration of the time within which the protest for non-acceptance is to be made.