[85A. Drafts drawn by one branch of a bank on another payable to order.--where any draft, that is an order to pay money, drawn by one office of a bank upon another office of the same bank for a sum of money payable to order on demand, purports to be endorsed by or on behalf of the payee, the bank is discharged by payment in due course.]
Section 85A: Drafts drawn by one branch of a bank on another payable to order.
The Negotiable Instruments Act, 1881Central Act · Act 26 of 1881
Where this provision sits
| Act | The Negotiable Instruments Act, 1881 |
|---|---|
| Section | 85A |
| Marginal note | Drafts drawn by one branch of a bank on another payable to order. |
| Jurisdiction | Central |
| Status | In 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.
- inserted, Act 25 of 1930. . Ins. by Act 25 of 1930, s. 2.
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