Book1 Division07 Title21 Chapter05

From Thai Codification Draft of 1919
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DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM.

BOOK ON OBLIGATIONS.

DIVISION VII. SPECIFIC CONTRACTS.

TITLE XXI. Bills.

Chapter V. Prescription.
Section 1114.
  • The obligations incurred under a bill of exchange by the acceptor or under a promissory note by the maker are extinguished by prescription after three years from day of maturity.

《Genealogies》

  1. Draft of April 1924: 1164
  2. Code of January 1925: 1001
Section 1115.
  • If a bill has been made, transferred or indorsed in respect of an obligation and the rights under such bill have been lost by prescription or by the omission of any necessary proceedings, the original obligation remains in force, unless it be extinguished by prescription or otherwise.

《Genealogies》

  1. Draft of April 1924: 1165
  2. Code of January 1925: 1005