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131-B Protection to banker crediting cheque crossed 'account payee'

Where a cheque is delivered for collection to a banker which does not at the time of such deliver appear to be crossed 'account payee' ot- to have had a crossing 'account payee' which has been obliterated or altered, the banker, in good faith and without negligence collecting payment of the cheque and crediting the proceeds thereof to a customer,...


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