Noting a bill. When a bill (draft or promissory note) has been presented for acceptance or
payment and has been dishonored a note to that effect is indorsed on the bill, after which it may
be formally protested.
When a bill has been noted the protest may (in New York state) be extended as of (back to) the
day of noting.
The protest should be commenced on the day on which acceptance or payment is refused, but it
may be drawn up and completed at any time before the commencement of suit or even before or
during trial and be antedated accordingly.