| 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 | 14 |
| Chapter Title | Ministry | Department |
| Of Crossed Cheques | Ministry of Finance | Department of Financial Services |
A banker who has in good faith and without negligence received payment for a customer of a cheque crossed generally or specially to himself shall not, in case the title to the cheque proves defective, incur any liability to the true owner of the cheque by reason only of having received such payment.
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1. Added by Act 18 of 1922, sec. 2.
2. Explanation re-numbered as Explanation I thereof by Act 55 of 2002, sec. 6 (w.e.f. 6-2-2003).
3. Inserted by Act 55 of 2002, sec. 6 (w.e.f. 6-2-2003).