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Section 85a – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

85A. Drafts drawn by one branch of a bank on another payable to order

 

1[85A. Drafts drawn by one branch of a bank on another payable to order

Where any draft, that is an order to pay money, drawn by one office of a bank upon another office of the same bank for a sum of money payable to order on demand, purports to be endorsed by or behalf of the payee, the bank is discharged by payment in due course.]

 

1. Inserted by Act 25 of 1930, sec. 2.

 

 

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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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