Negotiable Instruments Act, 1881
113. Payment for honor
When a bill of exchange has been noted or protested for
non-payment, any person may pay the same for the honor of any party liable to
pay the same; provided that the person so paying 17[or his agent in that
behalf] has previously declared before a notary public the party for whose
honor he pays, and that such declaration has been recorded by such notary
public.