Negotiable Instruments Act, 1881
Negotiable Instruments Act, 1881 — section 131C
131C. Cheque not operating as assignment of funds. A cheque, of itself, does not operate as an assignment of any part of the funds to the credit of the drawer with the banker.] 1 Proviso added by the Negotiable Instruments (Amdt.) Ordinance, 1962(49 of 1962), s.47. 2 Subs. by the Negotiable Instruments (Amdt.) Ordinance, 1962 (49 of 1962), s. 48, for the original paragraph. 3 Explanation ins. by the Negotiable Instrument (Amdt.) Act, 1922 (18 of 1922), s. 2. 4 Section 131A was added by the Negotiable Instruments (Amdt.) Act,1947 (33 of 1947), s. 2. 5 Sections 131B and 131C ins. by Ord. 49 of 1962, s. 49. CHAPTER XV l[SPECIAL PROVISIONS RELATING TO BILLS OF EXCHANGE] 2
This is the text of the provision as enacted. It is legal information, not legal advice, and it cannot account for the facts of your own matter. For advice on your situation, consult a verified advocate.
