Section 81

Effect of “not negotiable” crossing on holder

of Bills of Exchange Act 1949

ActIn forceProvision 81 of 106

Where a person takes a crossed cheque which bears on it the words “not negotiable”, he shall not have and shall not be capable of giving a better title to the cheque than that which the person from whom he took it had.

Read in full context — Bills of Exchange Act 1949 →

Section 81

Effect of “not negotiable” crossing on holder

of Bills of Exchange Act 1949

ActIn forceProvision 81 of 106

Where a person takes a crossed cheque which bears on it the words “not negotiable”, he shall not have and shall not be capable of giving a better title to the cheque than that which the person from whom he took it had.

Read in full context — Bills of Exchange Act 1949 →