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24/07/2024
Laws of Bangladesh

The Negotiable Instruments Act, 1881

( ACT NO. XXVI OF 1881 )

Chapter XV

SPECIAL PROVISIONS RELATING TO BILLS OF EXCHANGE

Holder’s right of recourse against drawn and indorsers
131H. Subject to the provisions of this Act, when a bill of exchange is dishonoured by non-acceptance, an immediate right of recourse against the drawer and indorsers accrues, to the holder, and no presentment for payment is necessary.

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