Not in force
21.48.24. A debtor is required to pay, within the time determined by government regulation, any sum of money payment of which has been claimed by means of a valid request for payment and which the debtor has not refused to pay in accordance with section 21.48.23. Such a payment obligation is binding on the debtor even if the debtor has not claimed payment of the sum from the debtor’s own debtor.
Despite the first paragraph, a debtor may, in the cases and on the terms and conditions determined by government regulation, make a withholding or deduction from a sum of money payable.
The mere lapse of the time determined under the first paragraph has the effect of causing the debtor concerned to be in default of payment.
2022, c. 182022, c. 18, s. 1111.