131C: Cheque not operating as assignment of funds
The Negotiable Instruments Act · Federal Acts · Chapter XIV · in_force
Discuss this provision with AI
A cheque, of itself, does not operate as an assignment of any part of the funds to the credit of the drawer with the banker.] [SPECIAL PROVISIONS RELATING TO BILLS OF EXCHANGE]
Effective date: 1881-12-09
Related sections
131B: Protection to banker crediting cheque crossed “account payee”131D: Several drawees131A: Application of chapter to drafts131E: In whose favour a bill may be drawn131: Non-liability of banker receiving payment of cheque131F: When presentment for acceptance is necessary l31G. When presentment excused
Version 1 · Source-traceable official reference. LawHub does not modify the official record.