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NI Act, Section 108. Acceptance for honour


 
Category of Bare Act Name of the Act Year of Promulgation
Criminal Laws Negotiable Instruments Act 1881
Act Number Enactment Date Chapter Number
26 09.12.1881 11
Chapter Title Ministry Department
Of Acceptance and Payment for Honour and Reference in case of need Ministry of Finance Department of Financial Services

When a bill of exchange has been noted or protested for non-acceptance or for better security, any person not being a party already liable thereon may, with the consent of the holder, by writing on the bill accept the same for the honour of any party thereto.

1[* * *].

_________________________

1. Second sentence omitted by Act 2 of 1985, sec. 7.

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