NIA Section 130

Negotiable Instruments Act

US
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NIAChapter XIV

S. 130

Cheque bearing "not negotiable"

Description

A person taking a cheque crossed generally or specially, bearing in either case the words “not negotiable”, shall not have, and shall not be capable of giving, a better title to the cheque than that which the person from whom he took it had.

By Raman Devgan
Updated: 16 Aug 2018
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