Section 8: Recourse in the event of non-acceptance and non-payment.

If recourse is exercised after partial acceptance, the person who reimburses the sum for which the letter was not accepted may require that this reimbursement be mentioned on the letter and that he be given a receipt for it. The bearer must also provide him with a certified copy of the letter and the protest to enable subsequent recourse to be exercised.

I. – After the expiry of the time limits fixed: 1° For the presentation of a bill of exchange at sight or at a certain time of sight; 2° For the making of the protest in default of acceptance or in default of payment; 3° For presentation for payment in the case of a clause of return without charge, the bearer forfeits his rights against the endorsers, against the drawer…

When the presentation of the bill of exchange or the making of the protest within the prescribed time limits is prevented by an insurmountable obstacle such as the legal prescription of any State or any other case of force majeure, these time limits shall be extended. The bearer is required to give notice of the case of force majeure to his endorser without delay and to mention this notice, dated…

Independently of the formalities prescribed for the exercise of the action in warranty, the bearer of a bill of exchange protested for lack of payment may, by obtaining the permission of the judge, seize conservatorily the movable effects of the drawers, acceptors and endorsers.