Article 459 of Commercial Code

1 - The holder of a bill of exchange shall present it for payment on its maturity date. Presentation to a legally recognized clearing house shall be equivalent to presentation for payment. 2 - Whoever pays the bill of exchange at maturity without a valid objection shall be discharged, unless he has committed fraud or gross negligence. He shall ascertain the regularity of the sequence of endorsements, but is not obliged to verify the authenticity of the endorsers' signatures.