NI Act, Section 85A. Drafts drawn by one branch of a bank on another payable to order

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 7
Chapter Title Ministry Department
Of Discharge from Liablity on Notes, Bills and Cheques Ministry of Finance Department of Financial Services

1[Where any draft, that is an order to pay money, drawn by one office of a bank upon another office of the same bank for a sum of money payable to order on demand, purports to be endorsed by or behalf of the payee, the bank is discharged by payment in due course.]

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1. Inserted by Act 25 of 1930, sec. 2.