NIA 15 — Indorsement

Negotiable Instruments Act, 1881

Statutory text

When the maker or holder of a negotiable instrument signs the same, otherwise
than  as  such  maker,  for  the  purpose  of  negotiation,  on  the  back  or  face  thereof  or  on  a  slip  of  paper
annexed  thereto,  or  so  signs  for  the  same  purpose  a  stamped  paper  intended  to  be  completed  as  a negotiable instrument, he is said to indorse the same, and is called the “indorser”.

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