Section 78, Negotiable Instruments Act, 1881 — To whom payment should be made

Chapter VI · Of Paymentand Interest

78To whom payment should be made.

Section 78 · Chapter VI · page 19 of the Act

Subject to the provisions of section 82, clause (c), payment of the amount due on a promissory note, bill of exchange or cheque must, in order to discharge the maker or acceptor, be made to the holder of the instrument.

Section 78 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.