# Bills of Exchange Act 1882, Section 42: Non-acceptance.


When a bill is duly presented for acceptance and is not accepted within the customary time, the person presenting it must treat it as dishonoured by non-acceptance. If he do not, the holder shall lose his right of recourse against the drawer and indorsers.

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Source: https://www.legislation.gov.uk/ukpga/Vict/45-46/61/section/42 (the official version)
Page: https://openlegislation.uk/bills-of-exchange-act-1882/section-42
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.