Bills of Exchange Amendment Act 2002

Bills of Exchange Amendment Act 2002

Public Act2002 No 58
Date of assent18 December 2002

The Parliament of New Zealand enacts as follows:

1 Title
  • (1) This Act is the Bills of Exchange Amendment Act 2002.

    (2) In this Act, the Bills of Exchange Act 1908 is called the principal Act.

2 Commencement
  • This Act comes into force on the day after the date on which it receives the Royal assent.

3 Inland and foreign bills
  • Section 4 of the principal Act is amended by repealing subsection (1), and substituting the following subsections:

    • (1) An inland bill is a bill that is, or on the face of it purports to be,—

      • (a) both drawn and payable in New Zealand; or

      • (b) drawn in New Zealand on a person who resides or has a place of business in New Zealand.

    • (1A) Any other bill is a foreign bill.

Legislative history

12 December 2002Divided from Statutes Amendment Bill (No 2) (Bill 198-2), third reading