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Cap. 13 · Commercial Code (Cap. 13)

Cap. 13 ст. 154Dutyofdrawerand endorsers upon notification of protest for non- acceptance.

Sub-title I

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Upon notification of the protest mentioned in the last preceding article, the endorsers and the drawer are respectively bound to give sufficient security for the payment at maturity of the amount of the bill or of the amount for which it was not accepted, or to pay the bill together with the expenses of protest and of re-exchange.