Arrangement of Sections
1. Short title
2. Protection of bankers paying unendorsed or irregularly endorsed cheques, etc.
3. Rights of bankers collecting cheques not endorsed by holders
4. Unendorsed cheques as evidence of payment
5. Protection of bankers collecting payment of cheques, etc.
6. Application of certain provisions of Bills of Exchange Act, 1882, to instruments not being bills of exchange
7. Government to be regarded as a customer of banker
8. Construction, saving and non-application of British Acts
to amend the law relating to cheques and certain other instruments.
[1st August, 1959]
Act 5 of 1959,
GN 441 of 1963,
GN 497 of 1964,
SI 159 of 1965.
This Act may be cited as the Cheques Act.
[S 1 am by GN 441 of 1963.]
(1) Where a banker in good faith and in the ordinary course of business pays a cheque drawn on him which is not endorsed or is irregularly endorsed, he does not, in doing so, incur any liability by reason only of the absence of, or irregularity in, endorsement and he is deemed to have paid it in due course.
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