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Issue of Equivalent Copies
Article 525
- (1)
- The bill of exchange may be issued in several equivalent copies. They should be numbered in the text, and where this has not been done each copy shall be considered a separate bill of exchange.
- (2)
- Where it has not been stated in the bill of exchange that it has been issued in one copy, each bearer may request the issue of more copies on his own account, up to the drawer. The endorsers must reproduce their endorsements on the new copies.
Payment under One of the Copies
Article 526
- (1)
- The payment under one of the copies shall relieve all liable persons even without special provision therefor. However, the drawee shall be liable under all accepted copies which have not been returned to him.
- (2)
- An endorser who has transferred the copies to different persons, as well as the subsequent endorsers, shall be liable under all copies signed by them, if they have not been returned to them.
Forwarding of a Copy for Acceptance
Article 527
- (1)
- A person who has forwarded one of the copies for acceptance must indicate in the remaining copies the name of the person who holds the forwarded copy. This person shall be obliged to deliver it to the bearer of another copy who has established himself as such.
- (2)
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Should delivery be rejected, the bearer may bring his recourse action, ascertaining by protest that:
- 1.
- the copy forwarded for acceptance has not been delivered to him upon request;
- 2.
- the acceptance or payment could not have been effected on the basis of another copy.
Transcripts
Article 528
- (1)
- All bearers of a bill of exchange shall be entitled to make transcripts.
- (2)
- A transcript should reproduce exactly the original with the endorsements and all other notes thereon, and to indicate the end of the transcript.
- (3)
- A guarantee may be given on a transcript and it may be endorsed. A transcript shall have effect against persons who have put their signatures on the bill of exchange before the transcript, only if presented together with the original.
Original and Transcripts
Article 529
- (1)
- A transcript shall indicate the holder of the original, who shall be obliged to deliver it to the bearer of the transcript who has established himself as such.
- (2)
- Should the holder refuse to deliver the original, the bearer may exercise his recourse rights against the endorsers and the guarantors under the transcript, after ascertaining by protest that the original has not been delivered to him.
- (3)
- If the original contains the provision "valid hereafter shall be only endorsements on the transcript" after the last endorsement before making of the transcript, or a phrase of equivalent meaning, any endorsement written thereafter on the original shall be invalid.
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