Article 541 of Commercial Code

1 - The possessor of the cheque referred to in the preceding Article may contest the objection before the drawee. The drawee shall receive the cheque from him against a receipt and then notify the objector, by registered letter with acknowledgment of receipt, of the cheque possessor's name and address. 2 - The cheque possessor shall notify the objector by registered letter with acknowledgment of receipt that an action claiming entitlement to the cheque must be brought within one month from receipt of the notice. The notice shall include the grounds and date of possession of the cheque. - If the objector does not bring the entitlement action within the time limit prescribed in the preceding period, the judge of urgent matters shall, at the cheque possessor's request, rule Law Index 1335 Home Page Commercial Law Decree-Law No. 68 of 1980 Promulgating the Commercial Law to reject the objection. In this case, the cheque possessor shall be deemed its lawful owner in relation to the drawee. 4 - If the objector brings an action claiming entitlement to the cheque, the drawee may pay its value only to whichever of the two litigants presents a final judgment establishing ownership of the cheque or an amicable settlement ratified by both parties acknowledging his ownership.