The Maharashtra Maritime Board Act, 1996.
Section 59. Endorsement of security not liable for amount thereof.
Notwithstanding anything contained in the Negotiable Instruments Act, 1881 (26 of 1881), a person shall not be, by reason only of his having endorsed any Board security, liable to pay any money due either as principal or as interest thereunder.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
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