Mera Samvidhaan All of Negotiable Instruments Act, 1881

Chapter X · Of Reasonable Time

107Reasonable time for transmitting such notice.

Section 107 · Chapter X · pages 23–24 of the Act

A party receiving notice of dishonour, who seeks to enforce his right against a prior party, transmits the notice within a reasonable time if he transmits it within the same time after its receipt as he would have had to give notice if he had been the holder.

Section 107 of The Negotiable Instruments Act, 1881 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.