State Act
12
Section 12. Prohibition endorsements on allonges.
The Chhatrapati Shivaji Maharaj Vastu Sangrahalaya Act, 1909 and.
Act no. III of 19091909In forceMaharashtra (State Act)
12. Prohibition endorsements on allonges.— Notwithstanding anything contained in Section 15 of the Negotiable Instruments Act, 1881 (XXVI of 1881), the holder of any debenture issued under the provisions of this Act and transferable by endorsement shall not be said to endorse the debenture or be called the endorser thereof, if when he signs the same for the purpose of negotiation he subscribes his signature for that purpose elsewhere than on the back of the debenture itself.