Section 109: How acceptance for honour must be made

The Negotiable Instruments Act, 1881

Chapter- XI Of Acceptance and Payment for Honour and Reference in case of need.

Section 109: How acceptance for honour must be made.

109. A person desiring to accept for honour must, 1[by writing on the bill under his hand,] declare that he accepts under protest the protested bill for the honour of the drawer or of a particular indorser whom he names, or generally for honour. 2[***]


Reference

1. Subs. by s. 8, ibid., for “in the presence of a notary public, subscribe the bill with his own hand, and”.

2. The words “and such declaration must be recorded by the notary in his register” rep. by s. 8, ibid.

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