Chapter VII — OF DISCHARGE FROM LIABILITY ON NOTES, BILLS AND CHEQUES

Section 85ADrafts drawn by one branch of a bank on another payable to order

Section 85A: Drafts drawn by one branch of a bank on another payable to order

85A. Drafts drawn by one branch of a bank on another payable to order

[85A. Drafts drawn by one branch of a bank on another payable to order.—where any draft, that is an order to pay money, drawn by one office of a bank upon another office of the same bank for a sum of money payable to order on demand, purports to be endorsed by or on behalf of the payee, the bank is discharged by payment in due course.]

Amendment notes (1)
  1. Ins . Ins. by Act 25 of 1930, s. 2.