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[Cites 0, Cited by 0] [Section 81] [Entire Act]

British India - Subsection

Section 81(1) in Bills of Exchange Act 1882

(1)Where a cheque is crossed and bears across its face the words “account payee” or “a/c payee”, either with or without the word “only”, the cheque shall not be transferable, but shall only be valid as between the parties thereto.