Section 90, Negotiable Instruments Act, 1881 — Extinguishment of rights of action on bill in acceptor's hands

Chapter VII · Of Discharge from Liability on Notes, Bills and Cheques

90Extinguishment of rights of action on bill in acceptor's hands.

Section 90 · Chapter VII · page 21 of the Act

If a bill of exchange which has been negotiated is, at or after maturity, held by the acceptor in his own right, all rights of action thereon are extinguished.

Section 90 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.