Code of Alabama - Title 8: Commercial Law and Consumer Protection - Section 8-4-2 - Damages on protest for nonpayment in place of all charges except costs

Section 8-4-2 - Damages on protest for nonpayment in place of all charges except costs.

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.

(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.)

Last modified: May 3, 2021