Bare ActsThe Negotiable Instruments Act, 1881

Section 49

Conversion of indorsement in blank into indorsement in full.

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

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.

Amended up to 2019-11-02View on India Code →
Section 49 – The Negotiable Instruments Act, 1881 | DailyLaw.ai