Section 8

''Holder''.

The Negotiable Instruments Act, 1881

  • Act 26 of 1881
  • Ministry of Finance
  • Department of Financial Services
About this Act

An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques.

All sections
    The "holder" of a promissory note, bill of exchange or cheque means any person entitled in his own name to the possession thereof and to receive or recover the amount due thereon from the parties thereto.
     Where the note, bill or cheque is lost or destroyed, its holder is the person so entitled at the time of such loss or destruction.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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