Mera Samvidhaan All of Negotiable Instruments Act, 1881

Chapter II · Of Notes, Billsand Cheques

16Indorsement “in blank” and “in full”.

Section 16 · Chapter II · pages 10–11 of the Act

5[(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.

1[(2) The provisions of this Act relating to a payee shall apply with the necessary modifications to an indorsee.]

Page 10

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

Page 11

1 Ins. by Act 5 of 1914, s. 3.

Section 16 of The Negotiable Instruments Act, 1881 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.