Section 91 Stamp Duties Act Section 91 of Stamp Duties Act 1939 is about Terms upon which receipts may be stamped after execution and used in evidence un-stamped. It provides as follows: (1) A receipt given without being stamped may be stamped with an impressed stamp upon the following terms-(a) Within 28 days after it…

Section 90 Stamp Duties Act Section 90 of Stamp Duties Act 1939 is about Certain forms of receipts not dutiable. It provides as follows: Neither the name of a banker (whether accompanied by words of receipt or not) written in the ordinary course of his business as a banker upon a bill of exchange or…

Section 89 Stamp Duties Act Section 89 of Stamp Duties Act 1939 is about Provisions as to duty upon receipts. It provides as follows: (1) For the purposes of this Act, the expression “receipt” includes any note, memorandum, or writing whereby any money amounting to four naira or upwards, or any bill of exchange or…

Section 88 Stamp Duties Act Section 88 of Stamp Duties Act 1939 is about Assignment of policy of life assurance to be stamped before payment of money assured. It provides as follows: (1) No assignment of a policy of life assurance shall confer on the assignee therein named, his executors, administrators, or assigns, any right…

Section 87 Stamp Duties Act Section 87 of Stamp Duties Act 1939 is about Penalty for not making out policy of insurance or making any policy not stamped. It provides as follows: Any person who-(a) receives or takes credit for, any premium or consideration for any insurance and does not within one month after receiving,…

Section 86 Stamp Duties Act Section 86 of Stamp Duties Act 1939 is about Duty on policy of marine insurance. It provides as follows: A policy of marine insurance shall be charged with the duty prescribed in the Schedule to this Act.

Section 85 Stamp Duties Act Section 85 of Stamp Duties Act 1939 is about Stamp on policy of insurance against accident and sickness. It provides as follows: A policy of insurance against accident is not to be charged with any further duty than six kobo by reason of the same extending to any payment to…

Section 84 Stamp Duties Act Section 84 of Stamp Duties Act 1939 is about Interpretation (Policies of insurance). It provides as follows: For the purposes of this Act, unless the context otherwise requires- “policy of insurance” includes every writing other than cover notes, slips or other instruments usually made in anticipation of the issue of…

Section 83 Stamp Duties Act Section 83 of Stamp Duties Act 1939 is about Duty on notarial acts may be denoted by adhesive stamps. It provides as follows: The duty upon a notarial act and upon the protest by a notary public of a bill of exchange or promissory note may be denoted by an…

Section 82 Stamp Duties Act Section 82 of Stamp Duties Act 1939 is about Security for future advances, how to be charged. It provides as follows: (1) A security for the payment or repayment of money to be lent, advanced, or paid, or which may become due upon an account current, either with or without…