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Section 22: ''Maturity''.

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

The maturity of a promissory note or bill of exchange is the date at which it falls due.

Days of grace.--Every promissory note or bill of exchange which is not expressed to be payable on demand, at sight or on presentment is at maturity on the third day after the day on which it is expressed to be payable.

Where this provision sits

ActThe Negotiable Instruments Act, 1881
Section22
Marginal note''Maturity''.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it2

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