# Bills of Exchange (Scotland) Act 1772, Section 43: After May 15, 1772, summary Execution by Horning, shall be competent to the Indorsee.


And summary execution, . . . , shall be competent to the indorsee of a bill, although the protest is not in the name of the indorsee craving the diligence, and although the bill is not reconveyed to him by indorsation, if he produces a receipt for the value by act of honour, or a missive letter from the protesting indorsee mentioning the dishonour, agreeable to the practice of merchants in returned bills.

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Source: https://www.legislation.gov.uk/apgb/Geo3/12/72/section/43 (the official version)
Page: https://openlegislation.uk/bills-of-exchange-scotland-act-1772/section-43
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.