If a bill of exchange which
has been negotiated is, at or after maturity, held by the acceptor in his own right, all rights of action
thereon are extinguished.
Chapter VII — OF DISCHARGE FROM LIABILITY ON NOTES, BILLS AND CHEQUES
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If a bill of exchange which
has been negotiated is, at or after maturity, held by the acceptor in his own right, all rights of action
thereon are extinguished.
Printed from Law on Tips • The Negotiable Instruments Act, 1881