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Bills of Exchange Act, 1964 (Act No. 34 of 1964)

Chapter II

Crossed cheques

75A. Non-transferable cheques


(1) Where a cheque bears boldly across its face the words 'not transferable' or 'non-transferable', either with or without the word 'only' after the payee's name—
(a) the cheque shall not be transferable but shall be valid as between the parties thereto;
(b) the cheque shall be deemed to be crossed generally, unless it is crossed specially; and
(c) the words 'not transferable or 'non-transferable' may not be cancelled and any purported cancellation shall be of no effect.


(2) A bank shall not be negligent by reason only of its failure to concern itself with—
(a) an indorsement intended to prevent transfer of the cheque; or
(b) words prohibiting transfer, or indicating an intention that it shall not be transferable, other than in the manner provided for in this section.


[Section 75A inserted by section 33 of Act 56 of 2000.]