NIA Section 22

Negotiable Instruments Act

US
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NIAChapter II

S. 22

Maturity

Description

The maturity of a promissory note or bill of exchange is the date at which it falls due.
Days of grace. Every promissory note or bill of exchange which is not expressed to be payable on demand, at sight or on presentment is at maturity on the third day after the day on which it is expressed to be payable.

By Raman Devgan
Updated: 31 Oct 2022
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