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Section 99 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

99. Noting.-

 

When a promissory note or bill of exchange has been dishonored non-acceptance or non-payment, the holder may cause such dishonor to be noted by a notary public upon the instrument, or upon a paper attached thereto, or partly upon each.

 

Such note must be made within a reasonable time after dishonor, and must specify the date of dishonor, the reason, if any, assigned for such dishonor, or, if the instrument has not been expressly dishonored, the reason why the holder treats it as dishonored, and the notary’s charges.

 

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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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