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    • Legislation USA
    • Indiana Code
    • Title 26. Commercial Law
    • Article 2. Commercial Transactions
    • Chapter 3. Negotiable Instruments
    • 26-2-3-11. Necessity of Consideration

    Indiana Code
    Chapter 3. Negotiable Instruments
    26-2-3-11. Necessity of Consideration

    Sec. 11. No holder of a bill of exchange shall recover damages thereon, if he has not given for the same, or for some interest therein, a valuable consideration.
    Formerly: Acts 1861, c.75, s.11.

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    Structure Indiana Code

    Indiana Code

    Title 26. Commercial Law

    Article 2. Commercial Transactions

    Chapter 3. Negotiable Instruments

    26-2-3-1. Negotiability by Endorsement

    26-2-3-2. Assignee's Right of Action

    26-2-3-3. Availability of Defense or Set-Off Against Assignee

    26-2-3-4. Assignee's Right of Action Against Endorsers; Defenses

    26-2-3-5. Construction of Law

    26-2-3-6. Negotiability of Notes Payable to Order or Bearer in a Bank

    26-2-3-7. Damages Payable on Protest for Nonpayment or Nonacceptance of Bill of Exchange

    26-2-3-8. Interest on Protested Bill of Exchange

    26-2-3-9. Rate of Exchange

    26-2-3-10. Limitation of Damages Against Drawer or Endorser of Protested Bill of Exchange

    26-2-3-11. Necessity of Consideration

    26-2-3-12. Bill Payable Out of State; Effect of Provision of Means for Discharge Within State

    26-2-3-13. Exclusion of Notes Discounted by Bank

    26-2-3-14. Judgment and Execution

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