NIA 8 — “Holder”

Negotiable Instruments Act, 1881

Statutory text

The “holder” of a promissory note, bill of exchange or cheque means any person
entitled in his own name to the possession thereof and to receive or recover the amount due thereon from the parties thereto.
Where the note,  bill or cheque is lost or destroyed, its holder is the  person so entitled at the time  of such loss or destruction.

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