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The Negotiable Instruments Act, 1881

( ACT NO. XXVI OF 1881 )

[ 9th December, 1881 ]

Chapter XIV

SPECIAL PROVISIONS RELATING TO CHEQUES

Revocation of Banker’s authority

1[122A. The duty and authority of a banker to pay a cheque drawn on him by his customer are determined by-

 
 
 
 

(1) countermand of payment;

 
 
 
 

(2) notice of the customer's death;

 
 
 
 

(3) notice of adjudication of the customer as an insolvent.]

  • 1
    Section 122A was inserted by section 42 of the Negotiable Instruments (Amendment) Ordinance, 1962 (Ordinance No. XLIX of 1962)
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