NIA Section 125

Negotiable Instruments Act

US
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NIAChapter XIV

S. 125

Crossing after issue

Description

Where a cheque is uncrossed, the holder may cross it generally or specially.
Where a cheque is crossed generally, the holder may cross it specially.
Where a cheque is crossed generally or specially, the holder may add the words “not negotiable”.
Where a cheque is crossed specially, the banker to whom it is crossed may again cross it specially to another banker. his agent, for collection.

By Raman Devgan
Updated: 16 Aug 2018
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