Section 90:
Extinguishment of rights of action on bill in acceptor's hands.
If a bill of exchange which
has been negotiated is, at or after maturity, held by the acceptor in his own right, all rights of action
thereon are extinguished.
26/1881 - The Negotiable Instruments Act, 1881 ▶
Act Number: 26
Act Name: The Negotiable Instruments Act, 1881
Year: 1881
Enactment Date: 1881-12-09
Long Title: An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques.
Ministry: Ministry of Finance
Department: Department of Financial Services