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Index >> Letter H  
       
Holder of Negotiable Instrument : meaning
 
 

As per Section 8 of Negotiable Instrument Act

The "holder" of a promissory note, bill of exchange or cheque means any person entitled in his own name to the possession thereof and to receive or recover the amount due thereon from the parties thereto.

Where the note, bill or cheque is lost or destroyed, its holder is the person so entitled at the time of such loss or destruction.

 

 

 

   

   
 
   

   
   
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