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AI Summary of 133. Supplementary provision to section 3 of Cheques Act, 1959.

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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 12 July 1989 - onwards

133. Supplementary provision to section 3 of Cheques Act, 1959.

The Cheques Act, 1959, is hereby amended by the insertion of the following section after section 3:

"3A. Where a cheque is paid upon presentment in the manner provided for in subsection (1) of section 45A (inserted by section 132 of the Central Bank Act, 1989) of the Bills of Exchange Act, 1882, the collecting banker (within the meaning of the said section 45A) shall, for the purpose of section 3 of this Act, be deemed to be the banker on whom the cheque is drawn.".

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