Negotiable Instruments Act — Section 54

Instrument indorsed in blank.—Subject to the provisions hereinafter contained as to crossed

54. Instrument indorsed in blank.—Subject to the provisions hereinafter contained as to crossed cheques, a negotiable instrument indorsed in blank is payable to the bearer thereof even although originally payable to order.

Judgments citing Section 54

Text reproduced from the public statutes on which the corpus is built. Verify against the official Gazette before relying on it. This is statute reference, not legal advice.