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TypeBare Act JurisdictionCentral Government

Negotiable Instruments Act, 1881 Section 40

Discharge of indorser's liability.—Where the holder of a negotiable instrument, without the consent of the indorser,

~1 min read
https://sooperkanoon.com/act/461645

Bare act section · Research

About this section

Negotiable Instruments Act, 1881 Section 40 is part of Negotiable Instruments Act, 1881 - Discharge of indorser's liability.—Where the holder of a negotiable instrument, without the consent of the indorser,. Read the section text below and explore Indian court judgments that cite it.

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Section Text

Illustration A is the holder of a bill of exchange made payable to the order of B, which contains the following indorsements in blank:— First indorsement, “B”. Second indorsement, “Peter Williams”. Third indorsement, “Wright & Co.” Fourth indorsement. “John Rozario”. This bill A puts in suit against John Rozario and strikes out, without John Rozario's consent, the indorsements by Peter Williams and Wright & Co. A is not entitled to recover anything from John Rozario.

Frequently asked questions

What does Negotiable Instruments Act, 1881 Section 40 provide?

Section Section 40 of the Negotiable Instruments Act, 1881 (Discharge of indorser's liability.—Where the holder of a negotiable instrument, without the consent of the indorser,) is reproduced on this page as part of the Negotiable Instruments Act, 1881. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Negotiable Instruments Act, 1881 Section 40?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Negotiable Instruments Act, 1881 Section 40. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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