Central Act

49

Section 49. Conversion of indorsement in blank into indorsement in full.

The Negotiable Instruments Act, 1881

In forceAll India (Central Act)

49. Conversion of indorsement in blank into indorsement in full. The holder of a negotiable instrument indorsed in blank may, without signing his own name, by writing above the indorser's signature a direction to pay to any other person as indorsee, convert the indorsement in blank into an indorsement in full; and the holder does not thereby incur the responsibility of an indorser.