BILLS OF EXCHANGE ACT - 1961 (ACT 55)

Section - 3 - Effect where Different Parties to a Bill are the Same Person

(1) A bill may be drawn payable to, or to the order of, the drawer, or it may be drawn payable to, or to the order of, the drawee.

(2) Where in a bill the drawer and the drawee are the same person, or where the drawee is a fictitious person or a person not having capacity to contract, the holder may treat the instrument, at his option, either as a bill of exchange or as a promissory note.