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.
Previous
Sec 53 — Holder deriving title from holder in due course.
Next
Sec 55 — Conversion of indorsement in blank into indorsement in full.
Disclaimer: This section is reproduced for general informational and reference purposes only. Always verify against the latest official gazette and consult a qualified advocate before relying on any provision.