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Art. 1012

220COFederal ActJan 1, 1912Original source
  1. The drawer may stipulate on any bill of exchange that it must be presented for acceptance, with or without a time limit for such presentation.
  2. He may prohibit presentation of the bill of exchange for acceptance where it is not domiciled with a third party or at a place other than the domicile of the drawee and is not an after-sight bill.
  3. He may also stipulate that the bill of exchange must not be presented for acceptance prior to a specified date.
  4. Unless the drawer has prohibited presentation for acceptance, any endorser may stipulate that the bill of exchange must be presented for acceptance, with or without a time limit.

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