Section 45 Stamp Duties Act Section 45 of Stamp Duties Act 1939 is about Bills of sale. It provides as follows: A bill of sale shall not be registered under any law for the time being in force relating to the registration of bills of sale unless the original, duly stamped, is produced to the…

Section 44 Stamp Duties Act Section 44 of Stamp Duties Act 1939 is about Bills of lading. It provides as follows: (1) A bill of lading is not to be stamped after the execution thereof. (2) Every person who makes or executes, any bill of lading not duly stamped shall be guilty of an offence…

Section 43 Stamp Duties Act Section 43 of Stamp Duties Act 1939 is about One bill only of a set need be stamped. It provides as follows: When a bill of exchange is drawn in a set according to the custom of merchants, and one of the set is duly stamped, the other or others…

Section 42 Stamp Duties Act Section 42 of Stamp Duties Act 1939 is about Penalty for issuing any unstamped bill or note. It provides as follows: (1) Every person who issues, endorses, transfers, negotiates, presents for payment, or pays any bill of exchange or promissory note liable to duty and not being duly stamped shall…

Section 41 Stamp Duties Act Section 41 of Stamp Duties Act 1939 is about Provisions as to bills and notes purporting to be drawn abroad. It provides as follows: A bill of exchange or promissory note which purports to be drawn or made out of Nigeria shall, for the purposes of determining the mode in…

Section 40 Stamp Duties Act Section 40 of Stamp Duties Act 1939 is about Provisions as to stamping foreign bills and notes. It provides as follows: (1) Every person into whose hands any bill of exchange or promissory note, drawn or made out of Nigeria, comes in Nigeria before it is stamped shall before he…

Section 39 Stamp Duties Act Section 39 of Stamp Duties Act 1939 is about Provisions for use of adhesive stamps on bills and notes. It provides as follows: (1) The fixed duty of two kobo on a bill of exchange, payable on demand or at sight or on presentation or within three days after date…

Section 38 Stamp Duties Act Section 38 of Stamp Duties Act 1939 is about Statement of duty payable on promissory note containing guarantee. It provides as follows: Where an instrument under hand only contains both a promissory note by a principal debtor and a guarantee by a surety but there is no memorandum of charge,…

Section 37 Stamp Duties Act Section 37 of Stamp Duties Act 1939 is about Meaning of “promissory note”. It provides as follows: (1) For the purposes of this Act, the expression “promissory note” includes any document or writing (except a bank note) containing a promise to pay any sum of money. (2) A note promising…

Section 36 Stamp Duties Act Section 36 of Stamp Duties Act 1939 is about Meaning of “bill of exchange”. It provides as follows: For the purposes of this Act, the expression “bill of exchange” includes draft, order, cheque and letter of credit, and any document or writing (except a bank note) entitling or purporting to…