There is a newer version
of
this Section
2017 Indiana Code
TITLE 26. Commercial Law
ARTICLE 2. COMMERCIAL TRANSACTIONS
CHAPTER 3. Negotiable Instruments
26-2-3-7. Damages payable on protest for nonpayment or nonacceptance of bill of exchange
Universal Citation: IN Code § 26-2-3-7 (2017)
IC 26-2-3-7 Damages payable on protest for nonpayment or nonacceptance of bill of exchange
Sec. 7. Damages payable on protest for nonpayment or nonacceptance of a bill of exchange, drawn or negotiated within this state, shall be, if drawn upon any person at any place out of this state, but within the United States, five per cent (5%), but if upon any person at any place without the United States, ten per cent (10%) on the principal of such bill.
Formerly: Acts 1861, c.75, s.7.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
