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.
Section 49 NI Act — Conversion of indorsement in blank into indorsement in full
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