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The Negotiable Instruments Act, 1881

( ACT NO. XXVI OF 1881 )

Chapter VII

OF DISCHARGE FROM LIABILITY ON NOTES, BILLS AND CHEQUES

Alteration by indorsee
and any such alteration, if made by an indorsee, discharges his indorser from all liability to him in respect of the consideration thereof.
 
 
 
 
The provisions of this section are subject to those of sections 20, 49, 86 and 125.

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