Section 48 NI Act — Negotiation by indorsement

The Negotiable Instruments Act, 1881 · Official PDF page 15

48. Negotiation by indorsement.—Subject to the provisions of section 58, a promissory note, bill of exchange or cheque 1[payable to order], is negotiable by the holder by indorsement and delivery thereof.

Text extracted from the official PDF (India Code source copy; consolidation date not certified). Line breaks and footnote marks may differ; the PDF is the authority.

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