Mera Samvidhaan All of Negotiable Instruments Act, 1881

Chapter IV · Of Negotiation

48Negotiation by indorsement.

Section 48 · Chapter IV · page 15 of the Act

Subject to the provisions of section 58, a promissory note, bill of exchange or cheque 1[payable to order], is negotiable by the holder by indorsement and delivery thereof.

1 Subs. by Act 8 of 1919, s. 4, for “payable to the order of a specified person, or to a specified person or order”.

Section 48 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.