Maharashtra · Act 15 of 1997

Section 59 — Endorsement of security not liable for amount thereof.

The Maharashtra Maritime Board Act, 1996.

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Notwithstanding anything contained in the Negotiable Instruments Act, 1881 (26 of 1881), a person shall not be, by reason only of his having endorsed any Board security, liable to pay any money due either as principal or as interest thereunder.

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Next · Section 60Impression of signature on securities. →All sections / सभी धाराएँThe Maharashtra Maritime Board Act, 1996. →
More sections of this actSection 1 · Short title, extent, commencement and application.Section 2 · Definitions.Section 3 · Establishment of Maharashtra Maritime Board.Section 4 · Disqualification of members.Section 5 · Term of office of members.Section 6 · Removal of members of Board.Section 7 · Eligibility of appointment.Section 8 · Filling of vacancy.
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India Code, Government of India. Text fetched 21 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.

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