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NI Act, Section 113. Payment 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-payment, any person may pay the same for the honour of any part liable to pay the same; provided that the person so paying 1[or his agent in that behalf] has previously declared before a notary public the party for whose honour he pays, and that such declaration has been recorded by such notary public.

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1. Inserted by Act 2 of 1885, Section 9.

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