noting protest

noting protest
The memorandum, made on the instrument or on some other record, at the time of and embracing the principal facts attending dishonor, the purpose of which memorandum is to have a record from which the instrument of protest may be prepared, so that the notary will not be required to rely upon his memory as to the facts. Moreland v Citizens Sav. Bank, 114 Ky 577, 71 SW 520. As soon as the presentment and demand of a negotiable instrument have been made, or at some seasonable hour during the same day, the notary makes a minute on the bill, or in his book of registry, consisting of his initials, the month, the day, the year, the refusal or acceptance of payment, and his charges of protest. This is the preliminary step towards the protest, which may be afterwards written out in full, "extended," as the elaboration of the minutes is termed, and it is called "noting." Bank of Ohio Valley v Lockwood, 13 W Va 392, 432, quoting Daniel on Negotiable Instruments.

Ballentine's law dictionary. . 1998.

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  • noting — 1) The procedure adopted if a bill of exchange has been dishonoured by non acceptance or by non payment. Not later than the next business day after the day on which it was dishonoured, the holder has to hand it to a notary public to be noted. The …   Big dictionary of business and management

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