Section 54
Instrument indorsed in blank
Chapter 4: Of negotiation
Subject to the provisions hereinafter contained as to crossed cheques, a negotiable instrument indorsed in blank is payable to the bearer thereof even although originally payable to order.
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.
Related sections
- 51Who may negotiate
- 52Indorser who excludes his own liability or makes it conditional
- 53Holder deriving title from holder in due course
- 55Conversion of indorsement in blank into indorsement in full
- 56Indorsement for part of sum due
- 57Legal representative cannot by delivery only negotiate instrument indorsed by deceased