Negotiability of instruments ends upon payment or satisfaction; transfer allowed until then but not after payment. A negotiable instrument remains negotiable until paid or satisfied by the maker, drawee or acceptor; negotiation is allowed up to and at maturity except that the maker, drawee or acceptor may not negotiate the instrument after maturity, and it ceases to be negotiable following payment or satisfaction.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Negotiability of instruments ends upon payment or satisfaction; transfer allowed until then but not after payment.
A negotiable instrument remains negotiable until paid or satisfied by the maker, drawee or acceptor; negotiation is allowed up to and at maturity except that the maker, drawee or acceptor may not negotiate the instrument after maturity, and it ceases to be negotiable following payment or satisfaction.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.