Indiana Statutes

§ 26-2-3-11 — Necessity of consideration

Indiana·Title 26 COMMERCIAL LAW·Art. 2 COMMERCIAL TRANSACTIONS·Ch. 3 Negotiable Instruments
No holder of a bill of exchange shall recover damages thereon, if he has not given for the same, or for some interest therein, a valuable consideration. Formerly: Acts 1861, c.75, s.11.

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