25: When day of maturity is a holiday

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” shall mean the day or days declared by the Federal Government, by notification in the official Gazette, to be public holidays.] PARTIES TO NOTES, BILL AND CHEQUES

Effective date: 1881-12-09

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