Bills of Exchange Act (R.S.C., 1985, c. B-4)

Marginal note:Cheque

• 165 (1) A cheque is a bill drawn on a bank, payable on demand.

• Marginal note:Provisions as to bills apply

  (2) Except as otherwise provided in this Part, the provisions of this Act applicable to a bill payable on demand apply to a cheque.

• Marginal note:Cheque for deposit to account

  (3) Where a cheque is delivered to a bank for deposit to the credit of a person and the bank credits him with the amount of the cheque, the bank acquires all the rights and powers of a holder in due course of the cheque.