Indiana Statutes
§ 26-2-3-7 — Damages payable on protest for nonpayment or nonacceptance of bill of exchange
Damages payable on protest for nonpayment or
nonacceptance of a bill of exchange, drawn or negotiated within this
state, shall be, if drawn upon any person at any place out of this state,
but within the United States, five per cent (5%), but if upon any person
at any place without the United States, ten per cent (10%) on the
principal of such bill.
Formerly: Acts 1861, c.75, s.7.
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Nearby Sections
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§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
Severability