NIA Section 57

Negotiable Instruments Act

US
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NIAChapter IV

S. 57

Legal representative cannot by delivery only negotiate instrument indorsed by deceased

Description

The legal representative of a deceased person cannot negotiate by delivery only a promissory note, bill of exchange or cheque payable to order and indorsed by the deceased but not delivered.

By Raman Devgan
Updated: 31 Oct 2022
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