LAW OF UKRAINE

of April 5, 2001 No. 2374-III

About the circulation of bills of exchange in Ukraine

This Law determines features of the circulation of bills of exchange in Ukraine which consists in issue of translated and promissory notes, implementation of transactions with bills of exchange and execution of bill obligations in economic activity, according to the Geneva convention of 1930 which enters the Unified bill of exchange act and promissory notes, taking into account the clauses caused by appendix II to this Convention and according to the Geneva convention of 1930 on settlement of some collisions of bill of exchange acts and promissory notes, the Geneva convention of 1930 on the stamp tax concerning bills of exchange and promissory notes.

Article 1. The legislation of Ukraine on the circulation of bills of exchange consists of the Geneva convention of 1930 which enters the Unified bill of exchange act and promissory notes (further - the Unified law), taking into account the clauses caused by appendix II to this Convention and from the Geneva convention of 1930 on settlement of some collisions of bill of exchange acts and promissory notes, the Geneva convention of 1930 on the stamp tax concerning bills of exchange and promissory notes, the Law of Ukraine "About the capital markets and the organized goods markets", the Law of Ukraine "About accession of Ukraine to the Geneva convention of 1930 which enters the Unified bill of exchange act and promissory notes", the Law of Ukraine "About accession of Ukraine to the Geneva convention of 1930 on settlement of some collisions of bill of exchange acts and promissory notes", The law of Ukraine "About accession of Ukraine to the Geneva convention of 1930 on the stamp tax concerning bills of exchange and promissory notes", this Law and other acts of the legislation of Ukraine adopted according to them.

Article 2. The clauses caused in Articles 3, of 7, of 9, of the 10 and 13 appendix II to the Geneva convention of 1930 which enters the Unified bill of exchange act and promissory notes are effective in Ukraine as follows:

1) article 10 of the Unified law is not applied;

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