CONTENTS
SECTIONS
Local extent Saving of usages relating to hundis, etc. Commencement
7. “Drawer” “Drawee” “Drawee in case of need” “Acceptor” “Acceptor for honour” “Payee”
16. Indorsement “in blank” and “in full” “Indorsee”
18. Where amount is stated differently in figures and words
19. Instruments payable on demand.
20. Inchoate stamped instruments
21. “At sight” “On presentment” “After sight”
21A. When note or bill payable on demand is overdue
21B. A note or bill payable at a determinable future time
21C. Anti-dating and post-dating
23. Calculating maturity of bill or note payable so many months after date or sight
24. Calculating maturity of bill or note payable so many days after date or sight
25. When day of maturity is a holiday
26. Capacity to make, etc., promissory notes, etc.
28. Liability of agent signing
28A. Transferor by delivery and transferee
29. Liability of legal representative signing
29A. Signature essential to liability
29B. Forged or unauthorised signature
29C. Stranger signing instrument presumed to be indorser
31. Liability of drawee of cheque
32. Liability of maker of note and acceptor of bill
33. Only drawee can be acceptor except in need or for honour
34. Acceptance by several drawees not partners
36. Liability of prior parties to holder in due course
37. Maker, drawer and accept or principals
38. Prior party a principal in respect of each subsequent party
38A. Liability of accommodation party and position of accommodation party
40. Discharge of indorser’s liability
41. Acceptor bound although indorsement forged
42. Acceptance of bill drawn in fictitious name
43. Negotiable instrument made, etc., without consideration
44. Partial absence or failure of money-consideration
45. Partial failure of consideration not consisting of money
45A. Holder’s right to duplicate of lost bill
48. Negotiation by indorsement
49. Conversion of indorsement in blank into indorsement in full
52. Indorser who excludes his own liability or makes it conditional
53A. Rights of holder in due course
53. Holder claiming through holder in due course
54. Instrument indorsed in blank
55. Conversion of indorsement in blank into indorsement in full
57. Legal representative cannot by delivery only negotiate instrument indorsed by deceased
57A. Negotiation of instrument of party already liable thereon
59. Instrument acquired after dishonour or when overdue
60. Instrument negotiable till payment or satisfaction
61. Presentment for acceptance
62. Presentment of promissory note for sight
63. Drawee’s time for deliberation
66. Presentment for payment of instrument payable after date or sight
67. Presentment for payment of promissory note payable by instalments
68. Presentment for payment of instrument payable at specified place and not elsewhere
69. Instrument payable at specified place
70. Presentment where no exclusive place specified
71. Presentment when maker, etc., has no known place of business or residence
71A. What constitutes valid presentment and mode of presentment
72. Presentment of cheque to charge drawer
73. Presentment of cheque to charge any other person
74. Presentment of instrument payable on demand
75. Presentment by or to agent, representative of deceased, or assignee of insolvent
75A. Excuse for delay in presentment for acceptance or payment
76. When presentment unnecessary
77. Liability of banker for negligently dealing with bill presented for payment
78. To whom payment should be made
79. Interest when rate specified or not specified
80. Interest when no rate specified
81. Delivery of instrument on payment, or indemnity in case of loss
83. Discharge by allowing drawee more than forty-eight hours to accept
84. When cheque not duly presented and drawer damaged thereby
85A. Drafts drawn by one branch of a bank on another payable to order
86. Parties not consenting discharged by qualified or limited acceptance
87. Effect of material alteration
88. Acceptor or indorser bound notwithstanding previous alteration
89. Payment of instrument on which alteration is not apparent
90. Extinguishment of rights of action on bill in acceptor’s hands
91. Dishonour by non-acceptance
93. By and to whom notice should be given
94. Mode in which notice may be given
95. Party receiving must transmit notice of dishonour
97. When party to whom notice given is dead
98. When notice of dishonour is unnecessary
103. Protest for non-payment after dishonour by non-acceptance
104A. When noting equivalent to protest
106. Reasonable time of giving notice of dishonour
107. Reasonable time for transmitting such notice
109. How acceptance for honour must be made
110. Acceptance not specifying for whose honour it is made
111. Liability of acceptor for honour
112. When acceptor for honour may be charged
114. Right of payer for honour
116. Acceptance and payment without protest
119. Presumption on proof of protest
120. Estoppel against denying original validity of instrument
121. Estoppel against denying capacity of payee to indorse
122. Estoppel against denying signature or capacity of prior party
122A. Revocation of Banker’s authority
123A. Cheque crossed “account- payee”
125A Crossing a material part of a cheque
126. Payment of cheque crossed generally
Payment of cheque crossed specially
127. Payment of cheque crossed specially more than once.
128. Payment in due course of crossed cheque
129. Payment of crossed cheque out of due course
130. Cheque bearing “not negotiable”
131. Non-liability of banker receiving payment of cheque
131A. Application of Chapter to drafts
131B. Protection to banker crediting cheque crossed “account- payee”
131C. Cheque not operating as assignment of funds
131E. In whose favour a bill may be drawn
131F. When presentment for acceptance is necessary
131H. Holder’s right of recourse against drawn and indorsers
131-I. Holder may refuse qualified acceptance
131G. When presentment excused
133. Holder of first acquired part entitled to all
134. Law governing liability of parties to a foreign instrument
136. Instrument made, etc., outside Bangladesh, but in accordance with their law
137. Presumption as to foreign law
138A. Restriction in respect of appeal
138. Dishonour of cheque for insufficiency, etc. of funds in the account