Crossing after issue
Full Text
Crossing after issue.—Where a cheque is uncrossed, the holder may cross it generally or specially.
Where a cheque is crossed generally, the holder may cross it specially.
Where a cheque is crossed generally, or specially, the holder may add the words “not negotiable”.
Where a cheque is crossed specially, the banker to whom it is crossed may again cross it specially to another banker, his agent, for collection.
Plain English Summary
Empowers the holder of a cheque to convert an open cheque into a crossed one, upgrade general crossing to special crossing, or add not negotiable.
Key Legal Elements
- Holder may cross an uncrossed (open) cheque generally or specially
- Holder may convert general crossing into special crossing
- Holder may add the restrictive words not negotiable
- A specially crossed bank may cross it to another bank solely for collection
Practical Note
Section 125 is an express statutory exception to Section 87 (Material Alteration). Adding crossing lines, a bank's name, or Not Negotiable after the cheque has been issued by the drawer is authorized by law and does NOT render the instrument void under Section 87.
हिंदी पाठ
जारी किए जाने के पश्चात रेखांकन।—जहां कोई चेक अरेखांकित है, वहां धारक उसे सामान्यतः या विशेषतः रेखांकित कर सकता है।
जहां चेक सामान्यतः रेखांकित है, वहां धारक उसे विशेषतः रेखांकित कर सकता है।
जहां चेक सामान्यतः या विशेषतः रेखांकित है, वहां धारक उसमें “अपरक्राम्य” शब्द जोड़ सकता है।
जहां चेक विशेषतः रेखांकित है, वहां वह बैंककार जिसके नाम वह रेखांकित है, उसे संग्रहण के लिए अपने अभिकर्ता के रूप में किसी अन्य बैंककार के नाम पुनः विशेषतः रेखांकित कर सकता है।