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Section 20: Inchoate stamped instruments.

The Negotiable Instruments Act, 1881Central Act · Act 26 of 1881

Where one person signs and delivers to another a paper stamped in accordance with the law relating to negotiable instruments then in force in [India], and either wholly blank or having written thereon an incomplete negotiable instrument, he thereby gives prima facie authority to the holder thereof to make or complete, as the case may be, upon it a negotiable instrument, for any amount specified therein and not exceeding the amount covered by the stamp. The person so signing shall be liable upon such instrument, in the capacity in which he signed the same, to any holder in due course for such amount: provided that no person other than a holder in due course shall recover from the person delivering the instrument anything in excess of the amount intended by him to be paid thereunder.

Where this provision sits

ActThe Negotiable Instruments Act, 1881
Section20
Marginal noteInchoate stamped instruments.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it41

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted, Act 3 of 1951. . Subs. by Act 3 of 1951, s. 3 and the Sch., for "the States".

Judgments that turned on this provision

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