Section 16
Indorsement ''in blank'' and ''in full''.
The Negotiable Instruments Act, 1881
About this Act
An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques.
1[(1)] 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
"Indorsee".--is called the “indorsee” of the instrument.
2[(2) The provisions of this Act relating to a payee shall apply with the necessary modifications to an indorsee.]
"Indorsee".--is called the “indorsee” of the instrument.
2[(2) The provisions of this Act relating to a payee shall apply with the necessary modifications to an indorsee.]
Notes
1. S. 16 renumbered as sub-section (1) by s. 3, ibid.
2. Ins. by Act 5 of 1914, s. 3.
2. Ins. by Act 5 of 1914, s. 3.