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Home › Bare Acts › Negotiable Instruments Act, 1881 › Section 127

Chapter XIV — Of Crossedcheques

Section 127 — Payment of cheque crossed specially more than once

Negotiable Instruments Act, 1881 · Free to read

Where a cheque is crossed specially to more than one banker, except when crossed to an agent for the purpose of collection, the banker on whom it is drawn shall refuse payment thereof.

← Section 126: Payment of cheque crossed generallySection 128: Payment in due course of crossed cheque →