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Bills of Exchange Act 1882 (-)
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This document is for private study purposes only. It is likely not to reflect the law as it stands today. It may be incomplete, and some provisions are likely to have been repealed or amended, and new ones inserted.
1 This Act may be cited as the Bills of Exchange Act, 1882.
21 (3) where the bill is no longer in the possession of the party who has signed it as drawer, acceptor or endorser, a valid and unconditional delivery by him is presumed until the contrary is provedAmending Acts-
81A.
Non-transferable cheques
81A.--(1) Where as cheque is crossed and bears across its face the words "account payee" or "a/c payee", either with or without the word "only", the cheques shall not be transferable, but shall only be valid as between the parties thereto.
(2) A banker is not to be treated for the purposes of section 80 above as having been negligent by reason only of his failure to concern himself with any purported indorsement of a cheque which under subsection (1) above or otherwise is not transferable.
[ Cheques Act 1992 ]
