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Section 137 TPA — Saving of negotiable instruments, etc

The Transfer of Property Act, 1882 · Official PDF page 45

Open in NyayaOfficial PDF, page 45

137. Saving of negotiable instruments, etc .—Nothing in the foregoing sections of this Chapter applies to stocks, shares or debentures, or to instruments which are for the time being, by law or custom, negotiable, or to any mercantile document of title to goods.

Explanation. —The expression “mercantile document of title to goods ” includes a bill of lading, dock-warrant, warehouse keeper's certificate, railway receipt, warrant or order for the delivery of goods, and any other document used in the ordinary course of business as proof of the possession or control of goods, or authori sing or purporting to authori se, either by endorsement or by delivery, the possessor of the document to transfer or receive goods thereby represented.]

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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