Bare ActsThe Negotiable Instruments Act, 1881

Section 107

Reasonable time for transmitting such notice.

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

A party receiving notice of dishonour, who seeks to enforce his right against a prior party, transmits the notice within a reasonable time if he transmits it within the same time after its receipt as he would have had to give notice if he had been the holder.

Amended up to 2019-11-02View on India Code →
Section 107 – The Negotiable Instruments Act, 1881 | DailyLaw.ai