LawgistThe Negotiable Instruments Act
22''Maturity''
The maturity of a promissory note or bill of exchange is the date at which it falls due.
Days of grace.--Every promissory note or bill of exchange which is not expressed to be payable on demand, at sight or on presentment is at maturity on the third day after the day on which it is expressed to be payable.
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OF NOTES, BILLS AND CHEQUES
- 4 ''Promissory note''
- 5 ''Bill of exchange''
- 6 ''Cheque''
- 7 ''Drawer.'
- 8 ''Holder''
- 9 ''Holder in due course''
- 10 ''Payment in due course''
- 11 Inland instrument
- 12 Foreign instrument
- 13 ''Negotiable instrument''
- 14 Negotiation
- 15 Indorsement
- 16 Indorsement ''in blank'' and ''in full''
- 17 Ambiguous instruments
- 18 Where amount is stated differently in figures and words
- 19 Instruments payable on demand
- 20 Inchoate stamped instruments
- 21 ''At sight''
- 22 ''Maturity''
- 23 Calculating maturity of bill or note payable so many months after date or sight
- 24 Calculating maturity of bill or note payable so many days after date or sight
- 25 When day of maturity is a holiday
