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.