53A: Rights of holder in due course — Negotiable Instruments Act, 1881

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A holder in due course holds the negotiable instru- ment free from any defect of title of prior parties, and free from defences available to prior parties among themselves, and may enforce payment of the instrument for the full amount thereof against all parties liable thereon.]

Effective date: 1881-12-09

Related sections

53: Holder claiming through holder in due course 54: Instrument indorsed in blank 52: Indorser who excludes his own liability or makes it conditional 55: Conversion of indorsement in blank into indorsement in full 51: Who may negotiate 56: Requisites of indorsement

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