NIA 16 — Indorsement “in blank” and “in full”

Negotiable Instruments Act, 1881

Statutory text

[(1)] If  the  indorser  signs  his  name  only,  the
indorsement is said to be “in blank,” and if he adds a direction to pay the amount mentioned in the
instrument  to,  or  to  the  order  of,  a  specified  person,  the  indorsement is said to be “in full”, and  the
person so specified

5. S. 16 renumbered as sub-section (1) by s. 3, ibid.

 “Indorsee”.—is called the “indorsee” of the instrument.

[(2) The provisions of this Act relating to a payee shall apply with the necessary modifications to an indorsee.]

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