Bare ActsThe NEGOTIABLE INSTRUMENTS ACT, 1881

Section 115

Drawee in case of need

Amendment status not verified — confirm the current text below against the official source.

Drawee in case of need.—Where a drawee in case of need is named in a bill of exchange, or in any indorsement thereon, the bill is not dishonoured until it has been dishonoured by such drawee.

Section 115 – The NEGOTIABLE INSTRUMENTS ACT, 1881 | DailyLaw.ai