Hong Kong Ordinances

BILLS OF EXCHANGE ORDINANCE - SECT 80

Protection to banker and drawer where cheque is crossed

Where the banker on whom a crossed cheque is drawn, in good faith and without
negligence, pays it, if crossed generally, to a banker, and, if crossed
specially, to the banker to whom it is crossed or his agent for collection
being a banker, the banker paying the cheque, and, if the cheque has come into
the hands of the payee, the drawer, shall respectively be entitled to the same
rights and be placed in the same position as if payment of the cheque had been
made to the true owner thereof. [cf. 1882 c. 61 s. 80 U.K.]