Section 81 Effect of crossing on holder.C4C1C2C3
United Kingdom
Where a person takes a crossed cheque which bears on it the words “not negotiable,” he shall not have and shall not be capable of giving a better title to the cheque than that which the person from whom he took it had.
Annotations
Modifications
- C1
Ss. 78–81 extended by S.I. 1984/779, reg. 7(2)
Ss. 78-81 extended by S.I. 1991/1031, reg. 7(2)
Ss. 78-81 applied by S.I. 1991/1407, reg. 7(2)
- C2
Ss. 78-81 applied (6.4.2015) by The National Savings (No. 2) Regulations 2015 (S.I. 2015/624), regs. 1(1), 96
- C3
Ss. 78-81 applied (with modifications) (6.4.2015) by The National Savings Regulations 2015 (S.I. 2015/623), regs. 1(1), 58
- C4
S. 81 extended by Cheques Act 1957 (c. 36, SIF 14), s. 5, S.I 1972/641, reg.7(2), 1972/764, reg. 21(5), 1972/765, reg. 8(2) and 1976/2012, reg.22(2)