Alabama § 8-4-2 Damages on Protest for Nonpayment in Place of All Charges Except Costs

Alabama Statutes

§ 8-4-2 — Damages on Protest for Nonpayment in Place of All Charges Except Costs

Alabama·Title 8 Commercial Law and Consumer Protection·Ch. 4 Bills of Exchange

Damages on protest for nonpayment of bills of exchange are in the place of all charges except costs of protest incurred previous to and at the time of giving notice of nonpayment, but the holder may recover legal interest upon the aggregate amount of the principal sum specified in such bill and of the damages thereon from the time at which payment of the principal sum has been demanded, and costs of protest.

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Damages on protest for nonpayment of bills of exchange are in the place of all charges except costs of protest incurred previous to and at the time of giving notice of nonpayment, but the holder may recover legal interest upon the aggregate amount of the principal sum specified in such bill and of the damages thereon from the time at which payment of the principal sum has been demanded, and costs of protest.

Alabama § 8-4-2 (Damages on Protest for Nonpayment in Place of All Charges Except Costs) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Code 1852, §1538; Code 1867, §1846; Code 1876, §2107; Code 1886, §1772; Code 1896, §886; Code 1907, §5146; Code 1923, §9217; Code 1940, T. 39, §186.)