Bare ActsThe Public Debt Act, 1944

Section 4

Transfer or of Government securities 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, by reason only of his having transferred a Government security, be liable to pay any money due either as principal or as interest thereunder.

Section 4 – The Public Debt Act, 1944 | DailyLaw.ai