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The Negotiable Instruments Act, 1881

Section 113Payment for honour

In forcePart IVChapter XI OF ACCEPTANCE AND PAYMENT FOR HONOUR AND REFERENCE IN CASE OF NEED

Part IV

Chapter XI OF ACCEPTANCE AND PAYMENT FOR HONOUR AND REFERENCE IN CASE OF NEED

s. 113

113. Payment for honour When a bill of exchange has been noted or protested for non-payment, any person may pay the same for the honour of any party liable to pay the same, provided that the person so paying or his agent in that behalf has previously declared before a notary public the party for whose honour he pays, and that such declaration has been recorded by such notary public.

End of s. 113.

Read the contents: The Negotiable Instruments Act, 1881