Section 60
Instrument negotiable till payment or satisfaction
Chapter 4: Of negotiation
A negotiable instrument may be negotiated (except by the maker, drawee or acceptor after maturity) until payment or satisfaction thereof by the maker, drawee or acceptor at or after maturity, but not after such payment or satisfaction.
The Negotiable Instruments Act, 1881 (Act No. 26 of 1881). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.
Related sections
- 54Instrument indorsed in blank
- 55Conversion of indorsement in blank into indorsement in full
- 56Indorsement for part of sum due
- 57Legal representative cannot by delivery only negotiate instrument indorsed by deceased
- 58Instrument obtained by unlawful means or for unlawful consideration
- 59Instrument acquired after dishonour or when overdue