NIA 130 — Cheque bearing “not negotiable”

Negotiable Instruments Act, 1881

Statutory text

A person taking a  cheque  crossed  generally or specially,
bearing in either case the words “not negotiable,” shall  not  have,  and  shall  not  be  capable  of  giving, a better title to the cheque than that which the person from whom he took it had.

Back to NIA