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Section 93 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

93. By and to whom notice should be given.-

 

When a promissory note, bill of exchange or cheque is dishonored by non-payment, the holder thereof, or some party thereto who remains liable thereon, must given notice that the instrument has been so dishonored to all other parties whom the holder seeks to make severally liable thereon, and to some one of several partied whom he seeks to make jointly liable thereon.

 

Nothing in this section renders it necessary to give notice to the maker of the dishonored promissory note, or acceptor of the dishonored bill of exchange or cheque.

 

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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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