Negotiable Instruments Act Article 84
The payer for honor is subrogated for and succeeds to all the rights of the holder against the acceptor, the party for whose honor the payment is made, and any party prior to them, provide that the payer for honor may not negotiate the bill further by endorsement.Any party subsequent to the party for whose honor the payment is made is discharged from their liabilities for the bill by the payment for the honor.
中文原文 票據法第84條
參加付款人,對於承兌人、被參加付款人及其前手,取得執票人之權利。
但不得以背書更為轉讓。
被參加付款人之後手,因參加付款而免除債務。
但不得以背書更為轉讓。
被參加付款人之後手,因參加付款而免除債務。