NIA 55 — Conversion of indorsement in blank into indorsement in full

Negotiable Instruments Act, 1881

Statutory text

If a  negotiable  instrument,
after  having  been  indorsed  in  blank,  is  indorsed  in  full,  the  amount  of  it  cannot  be  claimed  from  the
indorser  in  full,  except  by  the person  to  whom  it  has  been indorsed in  full,  or  by  one  who  derives  title through such person.

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