Section 9: ''Holder in due course''.

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

"Holder in due course" means any person who for consideration became the possessor of a promissory note, bill of exchange or cheque if payable to bearer,

or the payee or indorsee thereof, if [payable to order,]

before the amount mentioned in it became payable, and without having sufficient cause to believe that any defect existed in the title of the person from whom he derived his title.

Where this provision sits

Act	The Negotiable Instruments Act, 1881
Section	9
Marginal note	''Holder in due course''.
Jurisdiction	Central
Status	In force as published by the source
Judgments citing it	4

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 8 of 1919. . Subs. by Act 8 of 1919. s. 2, for "payable to, or to the order of, a payee", .

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