Negotiable Instruments Act, 1881 — section 64

64. Presentment for payment. 3[Subject to the provisions of section 76, promissory notes], bills of exchange and cheques must be presented for payment to the maker, acceptor or drawee thereof respectively, by or on behalf of the holder as hereinafter provided. In default of such presentment, the other parties thereto are not liable thereon to such holder. 4 * * * * * * * Exception.― Where a promissory note is payable on demand and is not payable at a specified place, no presentment is necessary in order to charge the maker thereof 5[,nor is presentment necessary to charge the acceptor of a bill of exchange]. 5 [The provisions of this section are without prejudice to the provisions relating to presentment for acceptance in the case of a bill of exchange. 1 Ins. by the Negotiable Instruments Act, 1885 (2 of 1885), s. 4. 2 Subs. by the Negotiable Instruments (Amdt.) Act, 1921 (12 of 1921) s. 2, for “twenty-four”. 3 Subs. by the Negotiable Instruments (Amdt.) Ordinance, 1962 (49 of 1962), s. 33, for “Promissory notes” . 4 The second paragraph which was ins. by the Negotiable Instruments Act, l885 (2 of 1885), s. 4 have been omitted by Ord. 49 of 1962, s. 33. 5 Added ibid. Explanation.— Where there are several persons, not being partners liable on the negotiable instrument, as makers, acceptors or drawees, as the case may be, and no place of payment is specified, presentment must be made to them all.]