Bills of Exchange (Cheque Truncation) Regulations, 2010 🇰🇪
Kenya
REPUBLIC OF KENYA
Bills of Exchange Act, 1927
Legal Notice No. 123
Bills of Exchange (Cheque Truncation) Regulations, 2010
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1. Citation
These Regulations may be cited as the Bills of Exchange (Cheque Truncation) Regulations, 2010.2. Interpretation
In these Regulations, unless the context otherwise requires—“check digit” means an automated error detection in a cheque code line;“cheque code line” means numbers and symbols printed at the bottom of a cheque;“document reference number” means a unique identification number assigned to a cheque for the purpose of presentment by electronic means; and“magnetic ink character recognition” means a process used to create machine readable information on a cheque code line.3. Purpose
The purpose of these Regulations is to prescribe the particulars of electr…Read the Full Legislation on judy.legal
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