Bare ActsThe Negotiable Instruments Act, 1881

Section 15

Indorsement.

Amendment status not verified — confirm the current text below against the official source.

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".

Amended up to 2019-11-02View on India Code →