Legal World

Section 130 NI Act — Cheque bearing “not negotiable”

The Negotiable Instruments Act, 1881 · Official PDF page 26

Open in NyayaOfficial PDF, page 26

130. Cheque bearing “not negotiable”. —A person taking a cheque crossed generally or specially, bearing in either case the words “not negotiable, ” shall not have, and shall not be capable of giving, a better title to the cheque than that which the person from whom he took it had.

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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