Legal World

Section 126 NI Act — Payment of cheque crossed generally

The Negotiable Instruments Act, 1881 · Official PDF page 26

Open in NyayaOfficial PDF, page 26

126. Payment of cheque crossed generally. —Where a cheque is crossed generally, the banker on whom it is drawn shall not pay it otherwise than to a banker. Payment of cheque crossed specially.—Where a cheque is crossed specially, the banker on whom it is drawn shall not pay it otherwise than to the banker to whom it is crossed, or his agent for collection.

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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