NIA Section 103

Negotiable Instruments Act

US
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NIAChapter IX

S. 103

Protest of bills drawn payable at some other place, for non-payement after dishonour by non-acceptance

Description

All bills of exchange drawn payable at some other place than the place mentioned as the residence of the drawee, and which are dishonoured by non-acceptance, may, without further presentment to the drawee, be protested for non-payment in the place specified for payment, unless paid before or at maturity.

By Raman Devgan
Updated: 31 Oct 2022
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