Bare ActsThe NEGOTIABLE INSTRUMENTS ACT, 1881

Section 126

Payment of cheque crossed generally

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

Payment of cheque crossed generally.—Where a cheque is crossed generally, the banker on whom it is drawn shall not pay it otherwise than to a banker. Payment of cheque crossed specially.—Where a cheque is crossed specially, the banker on whom it is drawn shall not pay it otherwise than to the banker to whom it is crossed, or his agent for collection.

Section 126 – The NEGOTIABLE INSTRUMENTS ACT, 1881 | DailyLaw.ai