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Home › Bare Acts › Public Debt Act, 1944 › Section 4

Section 4 — Transfer or of Government securities not liable for amount thereof

Public Debt Act, 1944 · Free to read

Notwithstanding anything contained in the Negotiable Instruments Act, 1881 (26 of 1881), a person shall not, by reason only of his having transferred a Government security, be liable to pay any money due either as principal or as interest thereunder.

← Section 3: Transfer of Government securitiesSection 5: Holding of Government securities by holders of public offices →