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Central Act · India · Chapter XI — Of Acceptance and Payment for Honour and Reference in Case of Need

Section 115 Drawee in case of need

Negotiable Instruments Act, 1881 · Edition: India Code central text incorporating the 2018 amendment

Where a drawee in case of need is named in a bill of exchange, or in any indorsement thereon, the bill is not dishonoured until it has been dishonoured by such drawee.

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