Hong Kong Ordinances

BILLS OF EXCHANGE ORDINANCE - SECT 7

Certainty required as to payee

(1) Where a bill is not payable to bearer, the payee must be named or
otherwise indicated therein with reasonable certainty.

(2) A bill may be made payable to two or more payees jointly, or it may be
made payable in the alternative to one of two or one or some of several
payees. A bill may also be made payable to the holder of an office for the
time being.

(3) Where the payee is a fictitious or non-existing person, the bill may be
treated as payable to bearer. [cf. 1882 c. 61 s. 7 U.K.]