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Section 33 NI Act — Only drawee can be acceptor except in need or for honour

The Negotiable Instruments Act, 1881 · Official PDF page 13

Open in NyayaOfficial PDF, page 13

33. Only drawee can be acceptor except in need or for honour. —No person except the drawee of a bill exchange, or all or some of several drawees, or a person named therein as a drawee in case of need, or an acceptor for honour, can bind himself by an acceptance.

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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