Bare ActsThe Negotiable Instruments Act, 1881

Section 127

Payment of cheque crossed specially more than once.

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

Where a cheque is crossed specially to more than one banker, except when crossed to an agent for the purpose of collection, the banker on whom it is drawn shall refuse payment thereof.

Amended up to 2019-11-02View on India Code →
Section 127 – The Negotiable Instruments Act, 1881 | DailyLaw.ai