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Report No. 11

130. Section 75.-

Section 75 governs both presentment for acceptance and presentment for payment. As already stated, we have split up the provision and assigned the portions relating to presentment for acceptance to the Chapter on Bills of Exchange. The portion relating to presentment for payment has been included in the Chapter of Presentment for Payment and supplemented by an Explanation on the lines of section 45(6) of the English Act, to cover the case of presentment to more than one person liable on an instrument.

131. Section 75A.-

No alteration has been made in section 75A, except that it had to be repeated in connection with presentment for acceptance and for payment.

Negotiable Instruments Act, 1881 Back

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