Legal World

Section 45A NI Act — Holder's right to duplicate of lost bill

The Negotiable Instruments Act, 1881 · Official PDF page 14

Open in NyayaOfficial PDF, page 14

1[45A. Holder's right to duplicate of lost bill .—Where a bill of exchange has been lost before it is over-due, the person who was the holder of it may apply to the drawer to give him another bill of the same tenor, giving security to the drawer, if required, to indemnify him against all persons whatever in case the bill alleged to have been lost shall be found again. If the drawer on request as aforesaid refuses to give such duplicate bill, he may be compelled to do so.] CHAPTER IV OF NEGOTIATION

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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