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Central Act

4

Section 4. Transfer or of Government securities not liable for amount thereof.

The Public Debt Act, 1944

In forceAll India (Central Act)

4. Transfer or of Government securities not liable for amount thereof. Notwithstanding anything contained in the Negotiable Instruments Act, 1881 (26 of 1881), a person shall not, by reason only of his having transferred a Government security, be liable to pay any money due either as principal or as interest thereunder.

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