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NI Act, Section 63. Drawee’s time for deliberation


 
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 5
Chapter Title Ministry Department
Of Presentment Ministry of Finance Department of Financial Services

The holder must, if so required by the drawee of a bill of exchange presented to him for acceptance, allow the drawee 1[forty –eight ] hours (exclusive of public holidays ) to consider whether he will accept it.

_____________________

1. Substituted by Act l2 of 1921, sec. 2 for “twenty-four”.

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