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Section 85 NI Act — Cheque payable to order

The Negotiable Instruments Act, 1881 · Official PDF page 20

Open in NyayaOfficial PDF, page 20

85. Cheque payable to order. —3[(1)] Where a cheque payable to order purports to be endorsed by or on behalf of the payee, the drawee is discharged by payment in due course. 4[(2) Where a cheque is originally expressed to be payable to bearer, the drawee is discharged by payment in due course to the bearer thereof, notwithstanding any endorsement whether in full or in blank appearing thereon, and notwithstanding that any such endorsement pu rports to restrict or exclude further 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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