Negotiable Instruments Act Section 74 — Presentment of instrument payable on demand
CHAPTER IV OF NEGOTIATION
General
Summary
A negotiable instrument that is payable on demand must be shown for payment within a reasonable time after the person holding it receives it. This rule applies unless the situation covered by section 31 of the same Act says otherwise.
Official Text
Subject to the provisions of section 31, a negotiable instrument payable on demand must be presented for payment within a reasonable time after it is received by the holder.