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Section 91 NI Act — Dishonour by non-acceptance

The Negotiable Instruments Act, 1881 · Official PDF page 21

Open in NyayaOfficial PDF, page 21

91. Dishonour by non-acceptance.—A bill of exchange is said to be dishonoured by non-acceptance when the drawee, or one of several drawees not being partners, makes default in acceptance upon being duly required to accept the bill, or where presentment is excused and the bill is not accepted. Where the drawee is incompetent to cont ract, or the acceptance is qualified the bill may be treated as dishonoured.

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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