Negotiable Instruments Act, 1881

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Section 16

Indorsement “in blank” and “in full”

Chapter 2: Of notes, bills and cheques

[(1)] If the indorser signs his name only, the indorsement is said to be “in blank,” and if he adds a direction to pay the amount mentioned in the instrument to, or to the order of, a specified person, the indorsement is said to be “in full”, and the person so specified “Indorsee”.—is called the “indorsee” of the instrument. [(2) The provisions of this Act relating to a payee shall apply with the necessary modifications to an indorsee.]

The Negotiable Instruments Act, 1881 (Act No. 26 of 1881). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.

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