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Report No. 11

147. Payment of a cheque crossed generally or specially.-

(1) Where a cheque is crossed generally, the banker on whom it is drawn shall not pay it otherwise than to a banker.

(2) Where a cheque is crossed specially, the banker on whom it is drawn shall not pay it otherwise than to the banker to whom it is crossed, or his agent, being a banker, for collection.

[Section 126]



Negotiable Instruments Act, 1881 Back




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