1. Where the drawee suspends payment, whether he has accepted the bill of exchange or not, or in case an attachment of no avail is levied on his property, the bearer of the bill of exchange may have recourse against the giver of an aval only after presenting the bill of exchange to the drawee for payment and making a protest for non-payment. 2. Where the drawee is declared bankrupt, whether he has accepted the bill of exchange or not, or in case of bankruptcy of the drawer of the bill of exchange who has stipulated for non-presentation for acceptance, the presentation of the bankruptcy judgement shall be sufficient to enable the bearer to exercise his rights of recourse against the giver of an aval.
Interpretation and application must be checked against the official text and current version.