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Section 113 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

113. Payment for honour

 

When a bill of exchange has been noted or protested for non-payment, any person may pay the same for the honour of any part liable to pay the same; provided that the person so paying 1[or his agent in that behalf] has previously declared before a notary public the party for whose honour he pays, and that such declaration has been recorded by such notary public.

 

1. Inserted by Act 2 of 1885, Section 9.

 


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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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