Negotiable Instruments Act, 1881 — section 113

113. Payment for honour. When a bill of exchange has been noted or protested for non payment, any person may pay the same for the honour of any party liable to pay the same, provided that the person so paying 1[or his agent in that behalf] has previously declared before a notary public the party for whose honour he pays, and that such declaration has been recorded by such notary public.