NIA Section 124

Negotiable Instruments Act

US
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NIAChapter XIV

S. 124

Cheque crossed specially

Description

Where a cheque bears across its face an addition of the name of a banker, either with or without the words “not negotiable”, that addition shall be deemed a crossing, and the cheque shall be deemed to be crossed specially, and to be crossed to that banker.

By Raman Devgan
Updated: 16 Aug 2018
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