27A: Authority of partners — Negotiable Instruments Act, 1881

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A partner acting in the firm name may bind the firm by the making, drawing, acceptance or negotiation of a negotiable instrument to the extent authorized by law relating to partnership for the time being in force.]

Effective date: 1881-12-09

Related sections

27: Agency 28: Liability of agent signing 26: Capacity to make, etc., promissory notes, etc Minor 28A: Transferor by delivery and transferee 25: When day of maturity is a holiday 29: Liability of legal representative signing

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