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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 56: Qualifications, terms and conditions of service of Presiding Officer and members of Adjudicatory Board
- Section 46: Power of Central Government to order survey or examination of works of Board
- Section 41: Existing loans and securities to continue
- Section 18: Power to make appointments
- Section 73: Laying of rules and regulations
Related Acts
* Only for reference.