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Section 63 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

63. Drawee’s time for deliberation.-

 

The holder must, if so required by the drawee of a bill of exchange presented to him for acceptance, allow the drawee [forty –eight ] hours ( exclusive of public holidays ) to consider whether he will accept it.

 

1. Substituted by Act l2 of 1921, sec. 2 for “twenty-four”.

 

 

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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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