NIA 67 — Presentment for payment of promissory note payable by instalments

Negotiable Instruments Act, 1881

Statutory text

A promissory  note
payable by instalments  must be  presented  for payment on the third  day  after  the date  fixed for  payment of each  instalment;  and  non-payment  on  such  presentment  has  the  same  effect  as  non-payment  of  a  note  at maturity.

3. Section 64 renumbered as sub-section (1) thereof by Act 55 of 2002, s. 3 (w.e.f. 6-2-2003).

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