Report No. 11
(1) Subject to the provisions of section 75, an instrument must, in order to make the parties thereto liable to the holder, be presented for payment in accordance with this Act.
[Section 64, para. I, part]
Exception.- Presentment for payment is not necessary in order to charge the maker of a note payable on demand and not payable at a specified place, or the acceptor of a bill.
(Section 64, Exc., modified)
(2) The provisions of this section are without prejudice to the provisions relating to presentment for acceptance in the case of a bill.