NIA Section 49

Negotiable Instruments Act

US
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NIAChapter IV

S. 49

Conversion of indorsement in blank into indorsement in full

Description

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.

By Raman Devgan
Updated: 31 Oct 2022
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