Section 115 NI Act — Drawee in case of need

The Negotiable Instruments Act, 1881 · Official PDF page 24

115. Drawee in case of need .—Where a drawee in case of need is named in a bill of exchange, or in any indorsement thereon, the bill is not dishonoured until it has been dishonoured by such drawee.

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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