Bare ActsThe Maharashtra Maritime Board Act, 1996.

Section 59

Endorsement of security not liable for amount thereof.

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

Notwithstanding anything contained in the Negotiable Instruments Act, 1881 (26 of 1881), a person shall not be, by reason only of his having endorsed any Board security, liable to pay any money due either as principal or as interest thereunder.

Section 59 – The Maharashtra Maritime Board Act, 1996. | DailyLaw.ai