39. Suretyship.—When the holder of an accepted bi ll of exchange enters into any contract with the acceptor which, under section 134 or 135 of the Indian Contract Act, 1872 (9 of 1872), would discharge the other parties, the holder may expressly reserve his right to charge the other parties, and in such c ase they are not discharged.
Section 39 NI Act — Suretyship
For research. Check the official gazette and later amendments before citing a section.