NIA Section 93

Negotiable Instruments Act

US
  • Home
  • Prev
  • Index
  • Next
Messages
NIAChapter VIII

S. 93

By and to whom notice should be given

Description

When a promissory note, bill of exchange or cheque is dishonoured by non-acceptance or non-payment, the holder thereof, or some party thereto who remains liable thereon, must give notice that the instrument has been so dishonoured to all other parties whom the holder seeks to make severally liable thereon, and to some one of several parties whom he seeks to make jointly liable thereon.
Nothing in this section renders it necessary to give notice to the maker of the dishonoured promissory note or the drawee or acceptor of the dishonoured bill of exchange or cheque.

By Raman Devgan
Updated: 31 Oct 2022
  • Top
  • Prev
  • Index
  • Next
© 2025 A Lawyers Reference™
193 Users Online   |   TimeTaken 0.5619 secs
» All Sections Lists:BNS /IPC /CrPC /NIA /HMA /IEA /MVA
  •  
  •  
  •  
  •  
  •