New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) A promissory note is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay on demand, or at a fixed or determinable future time, a sum certain in money to or to the order of a specified person or to bearer.
(2) An instrument in the form of a note payable to maker's order is not a note within the meaning of this section unless and until it is indorsed by the maker.
(3) A note is not invalid by reason only that it contains also a pledge of collateral security, with authority to sell or dispose thereof.
(4) A note that is, or on the face of it purports to be, both made and payable in New Zealand is an inland note; any other note is a foreign note.
Compare: 1883 No 8 s 83
