Bare ActsThe Negotiable Instruments Act, 1881

Section 90

Extinguishment of rights of action on bill in acceptor's hands.

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

If a bill of exchange which has been negotiated is, at or after maturity, held by the acceptor in his own right, all rights of action thereon are extinguished.

Amended up to 2019-11-02View on India Code →
Section 90 – The Negotiable Instruments Act, 1881 | DailyLaw.ai