NIA Section 50

Negotiable Instruments Act

US
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NIAChapter IV

S. 50

Effect of indorsement

Description

The indorsement of a negotiable instrument followed by delivery transfers to the indorsee the property therein with the right of further negotiation; but the indorsement may, by express words, restrict or exclude such right, or may merely constitute the indorsee an agent to indorse the instrument, or to reeive its contents for the indorser, or for some other specified person.

...More in Chapter IV
By Raman Devgan
Updated: 31 Oct 2022
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