Section 90 NI Act — Extinguishment of rights of action on bill in acceptor's hands

The Negotiable Instruments Act, 1881 · Official PDF page 21

90. Extinguishment of rights of action on bill in acceptor's hands. —If a bill of exchange which has been negotiated is, at or after mat urity, held by the acceptor in his own right, all rights of action thereon are extinguished.

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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