Data Source:Laws and Regulations Retrieving System of the Banking Bureau


Title: Negotiable Instruments Act (1987.06.29 Modified)
  Chapter II Bills of Exchange

   Section 10 Protest

Article  106    (Institution responsible for the formulation of the rejection certificate)A protest shall be made, on the application of the holder, by the notary public office of the district court, the chamber of commerce, or the bankers association of the place where the bill was dishonored by non-acceptance or non-payment.
Article  107    (Items to be specified)A protest shall contain the following particulars and shall be signed by the person making it and affixed with the official seal of the agency where it is made:
1. Personal or business names of both the person protested against and the person protesting.
2. A statement to the effect that the bill, upon presentment, was dishonored by the person protested against, or that he could not be met, or that his place of business, domicile, or residence is unknown.
3. The place and the year, month, date of the presentment referred to in the preceding subparagraph was made or could not be effected.
4. A declaration of mutual assent between the parties if the protest is made at a place other than that sanctioned by law.
5. If there is acceptance or payment for honor, its nature and the personal or business names of the acceptor for honor or the payer for honor, and of the person or parties for whose honor the acceptance or payment is made.
6. Place and date of the protest.
Article  108    (Production of payment refusal certificate)A protest shall be made on the bill or on an allonge annexed to it.
If the bill is drawn in a set or in duplicates, the protest has only to be made, upon presentment of the bill, on one part of the set, or on the original bill, or on the allonge annexed to the bill, if any. However, whenever possible, the fact of protest shall be noted on every other part of the set, or on each of the duplicates.
Article  109    (Production of other refusal certificates)A protest, except for non-payment, shall be made on a transcript of the original bill or one of its duplicates, or on the allonge annexed thereto, if any.
Article  110    (Registered location of the certificate when the return of the original copy is rejected)If the holder presents the original bill for acceptance or payment and it is not returned after dishonor, the protest shall be made on one of the duplicates or on the allonge annexed thereto, if any.
Article  111    (Specified position)A protest shall be made in such a way as to follow immediately the last entry already on the bill, or on a part of it if it be drawn in a set, or on one of its duplicates.
If the protest is made on the allonge, the person making it shall sign across the abutting edges.
Article  112    (Number of copies)When the right of recourse is exercised against several persons jointly liable on a bill, only one protest is required to be made against them all.
Article  113    (Copy)The maker of a protest shall deliver up the original copy of the protest to the holder, and shall also make a transcript of the full text of the protest to be kept at his place of business for use in case the original copy is destroyed or lost.
A transcript of a protest has the same force and effect as the original.