State Act

58

Section 58. Endorsements to be made on a security itself.

The Gujarat Maritime Board Act, 1981

Act no. 30 of 19811981In forceGujarat (State Act)

58. Notwithstanding anything in section 15 of the Negotiable Instruments Act, 1881, no endorsement of a Board security which is transferable by endorsement shall be valid unless made by signature of the holder inscribed on the back of the security itself.