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.