section 59
Endorsement of security not liable for amount thereof.
The Maharashtra Maritime Board Act, 1996Infrastructure1996118 sections11 chapters
Chapter VII BORROWING POWERS OF BOARD
Statutory text
Notwithstanding anything contained in the Negotiable Instruments Act, 1881 (26 of 1881), a person shall not be, by reason only of his having endorsed any Board security, liable to pay any money due either as principal or as interest thereunder.
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