NIA Section 90

Negotiable Instruments Act

US
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NIAChapter VII

S. 90

Extinguishment of rights of action on bill in acceptor's hands

Description

If a bill of exchange which has been negotiated is, at or after maturity, held by the acceptor in his own right, all rights of action thereon are extinguished.

By Raman Devgan
Updated: 31 Oct 2022
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