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[Cites 0, Cited by 0] [Section 62] [Entire Act]

British India - Subsection

Section 62(1) in Bills of Exchange Act 1882

(1)When the holder of a bill at or after its maturity absolutely and unconditionally renounces his rights against the acceptor the bill is discharged.The renunciation must be in writing, unless the bill is delivered up to the acceptor.