Law Maker

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

Section 109: How acceptance for honour must be made

The Negotiable Instruments Act, 1881

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***

Footnotes in the official text

  1. 1.Subs. by s. 8, ibid., for “in the presence of a notary public, subscribe the bill with his own hand, and”.
  2. 2.The words “and such declaration must be recorded by the notary in his register” rep. by s. 8, ibid.

Practise questions on Negotiable Instruments Act, 1881