Hong Kong Ordinances

BILLS OF EXCHANGE ORDINANCE - SECT 62

Express waiver

(1) When the holder of a bill at or after its maturity absolutely and
unconditionally renounces his rights against the acceptor, the bill is
discharged. The renunciation must be in writing, unless the bill is delivered
up to the acceptor.

(2) The liabilities of any party to a bill may in like manner be renounced by
the holder before, at, or after its maturity; but nothing in this section
shall affect the rights of a holder in due course without notice of the
renunciation. [cf. 1882 c. 61 s. 62 U.K.]