1. Shall be punished with a fine of no less than (10%) of the value of the Cheque in question and a minimum sum of (1000) one thousand dirhams, but not exceeding double the value of the said Cheque, any person who endorses or delivers a Bearer Cheque to another person, knowing that the existing funds for payment are not adequate to honor its value, or knowing that the Cheque is non-cashable. 2. Penalties are doubled in case of recidivism.
Interpretation and application must be checked against the official text and current version.