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Section 125 - Crossing after issue, Section 126 - Payment of cheque crossed generally, Section 127 - Payment of cheque crossed specially more than once : Negotiable Instruments Act 1881

What is Crossing after issue? What is Payment of cheque crossed generally? What is Payment of cheque crossed specially more than once? Crossing after issue, Payment of cheque crossed generally and Payment of cheque crossed specially more than once are defined under Section 125, 126 and 127 of Negotiable Instruments Act 1881

 

 

Section 125 of Negotiable Instruments Act 1881: "Crossing after issue"

Where a cheque is uncrossed, the holder may cross it generally or specially.

Where a cheque is crossed generally, the holder may cross it specially.

Where a cheque is crossed generally or specially, the holder may add the words "not negotiable".

Where a cheque is crossed specially, the banker to whom it is crossed may again cross it specially to another banker, his agent, for collection.

 

Section 126 of Negotiable Instruments Act 1881: "Payment of cheque crossed generally"

Where a cheque is crossed generally, the banker on whom it is drawn shall not pay it otherwise than to a banker.

 

Payment of cheque crossed specially.
Where a cheque is crossed specially, the banker on whom it is drawn shall not pay it otherwise than to the banker to whom it is crossed, or his agent for collection.

 

Section 127 of Negotiable Instruments Act 1881: "Payment of cheque crossed specially more than once"

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.

 

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