1. Where several bills of exchange have been drawn on one consideration insufficient to accommodate them all, the priority in recovering their value shall be given to the order of the dates of their drawing. 2. Where the said bills of exchange were drawn on the same date, the bill bearing the drawee's acceptance shall have priority. Where none of the bills of exchange bears the drawee's acceptance, the bill for which a consideration for payment has been allocated shall have priority. Bills of exchange containing a stipulation for non-acceptance shall rank last in the order of priority.
Interpretation and application must be checked against the official text and current version.