1. The payment of a bill of exchange under one of its copies shall discharge liability, even if no stipulation therein that the payment shall nullify the effect of the other copies. Nevertheless, the drawee shall remain liable for payment under each copy signed by him for acceptance and failed to recover. 2. An endorser who has endorsed copies of a bill of exchange to different persons, as well as his subsequent endorsers, shall assume the liability under all copies bearing their signatures and which have not been recovered by them.
Interpretation and application must be checked against the official text and current version.