Chapter II
OF NOTES, BILLS AND CHEQUES
When day of maturity is a holiday
25. When the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the next preceding business day.
Explanation - The expression “public holiday” includes Sundays and the days declared by the Government, by notification in the official Gazette, to be public holidays.
Copyright © 2019, Legislative and Parliamentary Affairs Division
Ministry of Law, Justice and Parliamentary Affairs