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Section 16 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

16. Endorsement in blank and in full-endorsee

 

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.]

 

1. Section 16 renumbered as sub-section. (1) by Act 5 of 1914, sec. 3.

2. Added by Act 5 of 1914, sec. 3 .

 

 

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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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