LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Negotiable Instruments Act,1881

Act No : 26


Section : Indorsement in "blank" and "in full".

16.1[(1)] Indorsement in "blank" and "in full". 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 is called the " indorsee " of the instrument. 1[(2)Indorsee. The provisions of this Act relating to a payee shall apply with the necessary modifications to an indorsee.]