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Section 67 NI Act — Presentment for payment of promissory note payable by instalments

The Negotiable Instruments Act, 1881 · Official PDF page 17

Open in NyayaOfficial PDF, page 17

67. Presentment for payment of promissory note payable by instalments. —A promissory note payable by instalments must be presented for payment on the third day after the date fixed for payment of each instalment; and non-payment on such presentment has the same effect as non -payment of a note at maturity.

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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