Quick Navigation
Section 35 - Major Port Authorities Act, 2021
The Major Port Authorities Act, 2021
35. Endorser of security not liable for amount thereof.-
Notwithstanding anything contained in the Negotiable Instruments Act, 1881 (26 of 1881), a person shall not by reason only of his having endorsed any port security be liable to pay any monies due, either as principal or as interest thereunder.
Related Sections
- Section 38: Security for loans taken out by Boards of Major Port Authorities
- Section 57: Removal and suspension of Presiding Officer and members of Adjudicatory Board
- Section 4: Qualifications of Chairperson, Deputy Chairperson and Members of Board
- Section 36: Recognition as holder of port securities in certain cases and legal effect thereof
- Section 9: Removal from office of Chairperson, Deputy Chairperson and Members
Related Acts
* Only for reference.