If the bank on which a crossed cheque is drawn, in good faith and without negligence pays it, if crossed generally, to a bank, and, if crossed specially, to the bank to which it is crossed, or the latter's agent for collection, which is a bank, the bank paying the cheque, and, if the cheque has come into the hands of the payee, the drawer shall respectively be entitled to the same rights and be placed in the same position as if payment of the cheque had been made to the true owner thereof.

[Section 79 substituted by section 37 of Act 56 of 2000.]