Public Debt Act, 1944 Section 4 - Bare Act |
| State | Central Government |
| Year | 1944 |
| Section Title | Transferor of Government Securities Not Liable for Amount Thereof |
Notwithstanding anything contained in the Negotiable Instruments Act, 1881, a person shall not, by reason only of his having transferred a Government security, be liable to pay any money due either as principal or as interest thereunder.