22: “Maturity” Days of grace
The Negotiable Instruments Act · Federal Acts · Chapter II · in_force
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The maturity of a promissory note or bill of exchange is the date at which it falls due. Days of grace. Every promissory note or bill of exchange which is not expressed to be payable on demand, at sight or on presentment is at maturity on the third day after the day on which it is expressed to be payable.
Effective date: 1881-12-09
Related sections
21C: Anti-dating and post-dating23: Calculating maturity of bill or note payable so many months after date or sight21B: A note or bill payable at a determinable future time24: Calculating maturity of bill or note payable so many days after date or sight21A: When note or bill payable on demand is overdue25: When day of maturity is a holiday
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