§ 35 Major Port Authorities Act, 2021

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Section 35. Endorser of security not liable for amount thereof

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Act
Major Port Authorities Act, 2021
Section number
35

Section reader


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.