Section 107 NI Act — Reasonable time for transmitting such notice

The Negotiable Instruments Act, 1881 · Official PDF page 23

107. Reasonable time for transmitting such notice. —A party receiving notice of dishonour, who seeks to enforce his right against a prior party, transmits the notice within a reasonable time if he transmits it within the same time after its receipt as he would have had to give notice if he had been the holder.

Text extracted from the official PDF (India Code source copy; consolidation date not certified). Line breaks and footnote marks may differ; the PDF is the authority.

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