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Union of India - Section

Section 113 in The Negotiable Instruments Act, 1881

113. Payment for honour.—

When a bill of exchange has been noted or protested for non-payment, any person may pay the same for the honour of any party liable to pay the same: provided that the person so payingor his agent in that behalf has previously declared before a notary public the party for whose honour he pays, and that such declaration has been recorded by such notary public.