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When a bill of exchange has been noted or protested for non-payment,
any person may pay the same for the honour of any party liable to pay the same: provided that the person
so paying 1[or his agent in that behalf] has previously declared before a notary public the party for whose
honour he pays, and that such declaration has been recorded by such notary public.
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1. Ins. by Act 2 of 1885, s. 9.