57A: Negotiation of instrument to party already liable thereon
The Negotiable Instruments Act · Federal Acts · Chapter IV · in_force
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Where a negotiable instrument is negotiated back before maturity to the maker or drawer or a prior indorser or to the acceptor, such party may, subject to the provisions of this Act, re-issue and further negotiate the instrument, but he is not entitled to enforce payment of the instrument against any intervening party to whom he was previously liable.
Effective date: 1881-12-09
Related sections
57: Legal representative cannot by delivery only negotiate instrument indorsed by deceased57B: Rigts of holder56: Requisites of indorsement58: Defective title55: Conversion of indorsement in blank into indorsement in full59: Instrument acquired after dishonour or when overdue Accommodation note or bill
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