LawgistThe Negotiable Instruments Act
129Payment of crossed cheque out of due course
Any banker paying a cheque crossed generally otherwise than to a banker, or a cheque crossed specially otherwise than to the banker to whom the same is crossed, or his agent for collection, being a banker, shall be liable to the true owner of the cheque for any loss he may sustain owing to the cheque having been so paid.
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OF CROSSED CHEQUE
- 123 Cheque crossed generally
- 124 Cheque crossed specially
- 125 Crossing after issue
- 126 Payment of cheque crossed generally
- 127 Payment of cheque crossed specially more than once
- 128 Payment in due course of crossed cheque
- 129 Payment of crossed cheque out of due course
- 130 Cheque bearing ''not negotiable''
- 131 Non-liability of banker receiving payment of cheque
- 131A Application of Chapter to drafts
