NYAYA SIGNAL
Central · 1881 · Section 63

Section 63 — Drawee's time for deliberation.

The Negotiable Instruments Act, 1881

The holder must, if so required by the drawee of a bill of exchange presented to him for acceptance, allow the drawee 1[forty-eight] hours (exclusive of public holidays) to consider whether he will accept it.

Source notes

1. Subs. by Act 12 of 1921, s. 2, for "twenty-four".