85A: Drafts drawn by one branch of a bank on another payable to order
The Negotiable Instruments Act · Federal Acts · Chapter VII · in_force
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Where any draft, that is, an order to pay money, drawn by one office of a bank upon another office of the same bank for a sum of money payable to order on demand, purports to be endorsed by or on behalf of the payee, the bank is discharged by payment in due course.]
Effective date: 1881-12-09
Related sections
85: Cheque payable to order86: Parties not consenting discharged by qualified or limited acceptance84: When cheque not duly presented and drawer damaged thereby87: Effect of material alteration Alteration by indorsee83: Discharge by allowing drawee more than forty-eight hours to accept88: Acceptor or indorser bound notwithstanding previous alteration
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