1. The name of the holder of the original bill shall be written in the copy of the bill of exchange, and such holder shall hand over the original to the lawful holder of the copy. 2. If the holder of the original refuses to hand it over, the holder of the copy may not exercise his right of recourse against the endorsers or those who guaranteed it by aval, until he has had a protest drawn up specifying that the original had not been handed over to him on his demand. 3. Where after the last endorsement and before making the copy a phrase is written on the original instrument purporting that any subsequent endorsement of the bill of exchange shall be made only on the copy, any subsequent endorsement on the original shall be deemed null and void.
Interpretation and application must be checked against the official text and current version.
+7 (495) 221 31 46