NIA 49 — Conversion of indorsement in blank into indorsement in full

Negotiable Instruments Act, 1881

Statutory text

The  holder  of  a  negotiable
instrument  indorsed  in  blank  may,  without  signing  his  own  name,  by  writing  above  the  indorser’s
signature  a direction  to  pay  to  any  other  person  as  indorsee,  convert  the  indorsement  in  blank  into  an indorsement in full; and the holder does not thereby incur the responsibility of an indorser.

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