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Section 30 - Indian Penal Code, 1860
Indian Penal Code, 1860
30. "Valuable security"
The words "valuable security" denote a document which is, or purports to be, a document whereby any legal right is created, extended, transferred, restricted, extinguished or released, or where by any person acknowledges that he lies under legal liability, or has not a certain legal right.
Illustration
A writes his name on the back of a bill of exchange. As the effect of this endorsement is transfer the right to the bill to any person who may become the lawful holder of it, the endorsement is a "valuable security".
Related Sections
- Section 27: Property in possession of wife, clerk or servant
- Section 419: Punishment for cheating by personation
- Section 155: Liability of person for whose benefit riot is committed
- Section 401: Punishment for belonging to gang of thieves
- Section 144: Joining unlawful assembly armed with deadly weapon
Related Acts
* Only for reference.