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Section 81: Delivery of instrument on payment or indemnity in case of loss.

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

[(1)] Any person liable to pay, and called upon by the holder thereof to pay, the amount due on a promissory note, bill of exchange or cheque is before payment entitled to have it shown, and is on payment entitled to have it delivered up, to him, or if the instrument is lost or cannot be produced, to be indemnified against any further claim thereon against him.

[(2) Where the cheque is an electronic image of a truncated cheque, even after the payment the banker who received the payment shall be entitled to retain the truncated cheque.

(3) A certificate issued on the foot of the printout of the electronic image of a truncated cheque by the banker who paid the instrument, shall be prima facie proof of such payment.]

Where this provision sits

ActThe Negotiable Instruments Act, 1881
Section81
Marginal noteDelivery of instrument on payment or indemnity in case of loss.
JurisdictionCentral
StatusIn force as published by the source

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.

  • renumbered, Act 55 of 2002. . Section 81 re-numbered as sub-section (1) thereof by Act 55 of 2002, s. 4 (w.e.f. 6-2-2003).
  • inserted. . Ins. by s. 4, ibid. (w.e.f. 6-2-2003).

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