The signature and seal of the unit on the bill shall be the special financial seal or official seal of the unit plus the signature or seal of the legal representative or its authorized agent.
(2) Personal signature and seal
The signature of an individual on a bill of exchange shall be his signature or seal.
(3) Signature and seal of the drawer of the bank draft
The drawer's signature on the draft is the special seal for bank draft approved by the People's Bank of China plus the signature or seal of its legal representative or its authorized agent.
(4) Signature of the drawer of the cashier's check
The signature of the drawer of the cashier's check on the draft is the special seal for cashier's check approved by the People's Bank of China plus the signature or seal of its legal representative or its authorized agent.
(5) The signatures of the drawer of the cheque and the acceptor of the commercial acceptance bill.
The signatures of the drawer of the check and the acceptor of the commercial acceptance bill shall be kept by the bank.
(6) Invalid signature and seal
1. If the signature of the drawer on the bill does not meet the requirements, the bill is invalid;
2. If the signature of the acceptor or guarantor on the bill of exchange does not conform to the provisions, its signature shall be invalid, but it shall not affect the validity of other signatures that conform to the provisions;
3. If the endorser's signature on the bill of exchange is not in conformity with the provisions, his signature is invalid, but it does not affect the validity of his predecessor's signature in conformity with the provisions.
The above contents are for your reference. Please refer to the latest business changes announced by China Bank official website.
If in doubt, please consult the online customer service of China Bank or download and use the mobile banking APP of China Bank to handle related business.