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Section 109 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

109. How acceptance for honour must be made

 

A person desiring to accept for honour must, 1[by writing on the bill under his hand], declare that he accepts under protest the protested bill for the honour of the drawer or of a particular endorser whom he names, or generally for honour 2[* * *].

 

1. Substituted by Act 2 of 1885, section. 8, for “in the presence of a notary public, subscribe the bill with his own hand, and”.

2. The Words “and such declaration must be recorded by the notary in his register” omitted by Act 2 of 1885, section 8.

 

 

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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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