Section 49: Conversion of indorsement in blank into indorsement in full

The Negotiable Instruments Act, 1881

Chapter- IV Of Negotiation

Section 49: Conversion of indorsement in blank into indorsement in full.

49. 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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