Malaysia legislation

Section 81A

of *BILLS OF EXCHANGE ACT 1949

Section 81A

Non-transferable cheque

(2)

For the purpose of section 80, a banker is not to be treated as having been negligent by reason only of his failure to concern himself with any purported indorsement of a cheque which under subsection (1) or otherwise is not transferable.

Special Provisions Relating to Endorsement, Etc.

Protection of bankers paying unindorsed or irregularly indorsed cheques, etc.