Negotiable Instruments Act Section 24 — Calculating maturity of bill or note payable so many days after date or sight

CHAPTER II OF NOTES, BILLSAND CHEQUES

General

Summary

When a promissory note or bill of exchange is due a set number of days after a specific date, after it is shown for acceptance, or after a certain event occurs, you do not count the starting day itself. For example, the day the note is dated, the day it is presented for acceptance, or the day the event happens is excluded from the count. The due date is calculated by counting forward from the day after that starting point.

Official Text

In calculating the date at which a promissory note or bill of exchange made payable a certain number of days after date or after sight or after a certain event is at maturity, the day of the date, or of presentment for acceptance or sight, or of protest for non-acceptance, or on which the event happens, shall be excluded.