Section 25: When day of maturity is a holiday.

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

When the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the next preceding, business day.

Explanation.-- The expression "public holiday" includes Sundays: *** and any other day declared by the [Central Government], by notification in the Official Gazette, to be a public holiday.

Where this provision sits

Act	The Negotiable Instruments Act, 1881
Section	25
Marginal note	When day of maturity is a holiday.
Jurisdiction	Central
Status	In force as published by the source
Judgments citing it	3

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.

omitted, Act 37 of 1955. . The words New Year's day, Christmas day: if either of such days falls on a Sunday, the next following Monday: GoodFriday: omitted by Act 37 of 1955, s. 3 (w.e.f. 1-4-1956).
substituted. . Subs by the A.O. 1937, for L.G.

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