section 49
Conversion of indorsement in blank into indorsement in full.
The Negotiable Instruments Act, 1881Civil1881155 sections17 chapters
Chapter IV OF NEGOTIATION
Statutory text
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.
Study data processing for this section.
PDF: pending for this language.