Category of Bare Act | Name of the Act | Year of Promulgation |
---|---|---|
Criminal Laws | Negotiable Instruments Act | 1881 |
Act Number | Enactment Date | Chapter Number |
26 | 09.12.1881 | 2 |
Chapter Title | Ministry | Department |
Of Notes, Bills and Cheques | Ministry of Finance | Department of Financial Services |
1[(1)] If the endorser signs his name only, the endorsement 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 endorsement is said to be “in full”, and the person so specified is called the “endorsee” of the instrument.
2[(2) The provisions of this Act relating to a payee shall apply with the necessary modifications to an endorsee.]
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1. Section 16 renumbered as sub-section. (1) by Act 5 of 1914, sec. 3.
2. Ins. by s. 3, ibid.