Colombian Commercial Code - Decree 410 of 1971 - Book III - Of Commercial Property - Title III - Securities - Chapter V - Different species of Securities - Section I - Bill of Exchange - Subsection II - Promissory Note - From: Art . 709 By: Art 711
COLOMBIAN COMMERCIAL CODE Section II Promissory note Article 709 .- The promissory note contains, in addition to the requirements of Article 621, the following: 1. Unconditional promise to pay a sum of money determinant; 2. The name of the person to be made the payment; 3. Indication of being payable to order or to bearer, and 4. The way to maturity. Article 710 .- The subscriber will pay equates to accepting a bill of exchange. Article 711 shall apply to pay as applicable, the provisions relating to the draft.