ADVOKS GLOBAL · KENYA
Cheques Act
4. Protection of paying banker
Edition: 2022-12-31 · In force
4. Protection of paying banker
(1)Where a banker, in good faith and in the ordinary course of business, pays a prescribed instrument drawn on him to a banker, he does not in doing so incur any liability by reason only of the absence of, or irregularity in, endorsement of the instrument, and—(a)in the case of a cheque, he is deemed to have paid it in due course; and(b)in the case of any other prescribed instrument, the payment discharges the instrument.(2)A prescribed instrument which is not endorsed but which appears to have been paid by the banker on whom it is drawn is evidence that the payee has been paid by the banker the sum of money specified in the instrument.